This property looks like a bad Long-Term investment with a projected -25.18% first-year return on $414k initial cash invested.
-25.18%
Cash On Cash
1.54%
Cap Rate
0.23
DSCR
$5,919
Rent
-$8,682
Cashflow
Cash Flow
$5,919 income − $14,601 expenses = $8,682 out of pocket
Investment Breakdown
|
Purchase Price
$1971k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$414k
Downpayment
20%
$394k
Closing costs
1%
$19,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,919
Total Expenses
$14,601
Mortgage P&I
184%
$10,918
Property Taxes
27%
$1,585
Home Insurance
9%
$559
HOA
0%
$0
Property Management
10%
$592
CapEx
5%
$296
Vacancy
6%
$355
Maintenance
5%
$296
Other
0%
$0