This property looks like a bad Long-Term investment with a projected -23.73% first-year return on $420k initial cash invested.
-23.73%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$6,090
Rent
-$8,307
Cashflow
Cash Flow
$6,090 income − $14,397 expenses = $8,307 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,090
Total Expenses
$14,397
Mortgage P&I
183%
$11,119
Property Taxes
16%
$996
Home Insurance
11%
$700
HOA
0%
$0
Property Management
10%
$609
CapEx
5%
$304
Vacancy
6%
$365
Maintenance
5%
$304
Other
0%
$0