This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $376k initial cash invested.
-19.33%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$7,823
Rent
-$6,056
Cashflow
Cash Flow
$7,823 income − $13,879 expenses = $6,056 out of pocket
Investment Breakdown
|
Purchase Price
$1790k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$358k
Closing costs
1%
$17,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,823
Total Expenses
$13,879
Mortgage P&I
125%
$9,787
Property Taxes
18%
$1,433
Home Insurance
8%
$626
HOA
0%
$0
Property Management
10%
$782
CapEx
5%
$391
Vacancy
6%
$469
Maintenance
5%
$391
Other
0%
$0