This property looks like a bad Long-Term investment with a projected -27.59% first-year return on $394k initial cash invested.
-27.59%
Cash On Cash
1.14%
Cap Rate
0.17
DSCR
$3,938
Rent
-$9,061
Cashflow
Cash Flow
$3,938 income − $12,999 expenses = $9,061 out of pocket
Investment Breakdown
|
Purchase Price
$1877k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$375k
Closing costs
1%
$18,769
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,938
Total Expenses
$12,999
Mortgage P&I
270%
$10,651
Property Taxes
16%
$633
Home Insurance
18%
$691
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0