This property looks like a bad Long-Term investment with a projected -20.69% first-year return on $396k initial cash invested.
-20.69%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$6,421
Rent
-$6,827
Cashflow
Cash Flow
$6,421 income − $13,248 expenses = $6,827 out of pocket
Investment Breakdown
|
Purchase Price
$1886k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$377k
Closing costs
1%
$18,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,421
Total Expenses
$13,248
Mortgage P&I
159%
$10,219
Property Taxes
16%
$1,012
Home Insurance
5%
$348
HOA
0%
$0
Property Management
10%
$642
CapEx
5%
$321
Vacancy
6%
$385
Maintenance
5%
$321
Other
0%
$0