This property looks like a bad Long-Term investment with a projected -22.66% first-year return on $441k initial cash invested.
-22.66%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$8,030
Rent
-$8,329
Cashflow
Cash Flow
$8,030 income − $16,359 expenses = $8,329 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$441k
Downpayment
20%
$420k
Closing costs
1%
$21,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,030
Total Expenses
$16,359
Mortgage P&I
143%
$11,487
Property Taxes
26%
$2,048
Home Insurance
9%
$735
HOA
0%
$0
Property Management
10%
$803
CapEx
5%
$402
Vacancy
6%
$482
Maintenance
5%
$402
Other
0%
$0