This property looks like a bad Long-Term investment with a projected -27.53% first-year return on $439k initial cash invested.
-27.53%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$6,101
Rent
-$10,068
Cashflow
Cash Flow
$6,101 income − $16,169 expenses = $10,068 out of pocket
Investment Breakdown
|
Purchase Price
$2090k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$439k
Downpayment
20%
$418k
Closing costs
1%
$20,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,101
Total Expenses
$16,169
Mortgage P&I
191%
$11,631
Property Taxes
32%
$1,962
Home Insurance
13%
$770
HOA
4%
$220
Property Management
10%
$610
CapEx
5%
$305
Vacancy
6%
$366
Maintenance
5%
$305
Other
0%
$0