This property looks like a bad Long-Term investment with a projected -24.05% first-year return on $430k initial cash invested.
-24.05%
Cash On Cash
1.7%
Cap Rate
0.26
DSCR
$6,576
Rent
-$8,610
Cashflow
Cash Flow
$6,576 income − $15,186 expenses = $8,610 out of pocket
Investment Breakdown
|
Purchase Price
$2046k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$430k
Downpayment
20%
$409k
Closing costs
1%
$20,461
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,576
Total Expenses
$15,186
Mortgage P&I
170%
$11,179
Property Taxes
25%
$1,670
Home Insurance
10%
$626
HOA
0%
$0
Property Management
10%
$658
CapEx
5%
$329
Vacancy
6%
$395
Maintenance
5%
$329
Other
0%
$0