This property looks like a bad Long-Term investment with a projected -26.76% first-year return on $418k initial cash invested.
-26.76%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$2,975
Rent
-$9,318
Cashflow
Cash Flow
$2,975 income − $12,293 expenses = $9,318 out of pocket
Investment Breakdown
|
Purchase Price
$1990k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$418k
Downpayment
20%
$398k
Closing costs
1%
$19,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,975
Total Expenses
$12,293
Mortgage P&I
333%
$9,906
Property Taxes
31%
$917
Home Insurance
23%
$696
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0