This property looks like a bad Long-Term investment with a projected -20.97% first-year return on $401k initial cash invested.
-20.97%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$6,641
Rent
-$7,005
Cashflow
Cash Flow
$6,641 income − $13,646 expenses = $7,005 out of pocket
Investment Breakdown
|
Purchase Price
$1909k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$401k
Downpayment
20%
$382k
Closing costs
1%
$19,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,641
Total Expenses
$13,646
Mortgage P&I
161%
$10,707
Property Taxes
4%
$275
Home Insurance
10%
$691
HOA
4%
$247
Property Management
10%
$664
CapEx
5%
$332
Vacancy
6%
$398
Maintenance
5%
$332
Other
0%
$0