This property looks like a bad Long-Term investment with a projected -30.68% first-year return on $426k initial cash invested.
-30.68%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$4,113
Rent
-$10,886
Cashflow
Cash Flow
$4,113 income − $14,999 expenses = $10,886 out of pocket
Investment Breakdown
|
Purchase Price
$2028k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$426k
Downpayment
20%
$406k
Closing costs
1%
$20,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,113
Total Expenses
$14,999
Mortgage P&I
270%
$11,106
Property Taxes
45%
$1,863
Home Insurance
18%
$752
HOA
5%
$208
Property Management
10%
$411
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0