This property looks like a bad Long-Term investment with a projected -29.57% first-year return on $407k initial cash invested.
-29.57%
Cash On Cash
0.82%
Cap Rate
0.12
DSCR
$7,540
Rent
-$10,038
Cashflow
Cash Flow
$7,540 income − $17,578 expenses = $10,038 out of pocket
Investment Breakdown
|
Purchase Price
$1940k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$407k
Downpayment
20%
$388k
Closing costs
1%
$19,396
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,540
Total Expenses
$17,578
Mortgage P&I
146%
$10,983
Property Taxes
50%
$3,777
Home Insurance
11%
$858
HOA
0%
$0
Property Management
10%
$754
CapEx
5%
$377
Vacancy
6%
$452
Maintenance
5%
$377
Other
0%
$0