This property looks like a bad Long-Term investment with a projected -25.59% first-year return on $410k initial cash invested.
-25.59%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$4,645
Rent
-$8,733
Cashflow
Cash Flow
$4,645 income − $13,378 expenses = $8,733 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,645
Total Expenses
$13,378
Mortgage P&I
219%
$10,153
Property Taxes
29%
$1,336
Home Insurance
15%
$682
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0