This property looks like a bad Long-Term investment with a projected -27.09% first-year return on $378k initial cash invested.
-27.09%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$3,701
Rent
-$8,532
Cashflow
Cash Flow
$3,701 income − $12,233 expenses = $8,532 out of pocket
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$360k
Closing costs
1%
$18,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,701
Total Expenses
$12,233
Mortgage P&I
268%
$9,915
Property Taxes
20%
$726
Home Insurance
17%
$630
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0