This property looks like a bad Long-Term investment with a projected -29.19% first-year return on $410k initial cash invested.
-29.19%
Cash On Cash
0.31%
Cap Rate
0.05
DSCR
$2,574
Rent
-$9,962
Cashflow
Cash Flow
$2,574 income − $12,536 expenses = $9,962 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$410k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,574
Total Expenses
$12,536
Mortgage P&I
402%
$10,342
Property Taxes
33%
$843
Home Insurance
27%
$682
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0