This property looks like a bad Long-Term investment with a projected -28.09% first-year return on $385k initial cash invested.
-28.09%
Cash On Cash
1.1%
Cap Rate
0.16
DSCR
$3,732
Rent
-$9,009
Cashflow
Cash Flow
$3,732 income − $12,741 expenses = $9,009 out of pocket
Investment Breakdown
|
Purchase Price
$1833k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$385k
Downpayment
20%
$367k
Closing costs
1%
$18,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,732
Total Expenses
$12,741
Mortgage P&I
282%
$10,508
Property Taxes
16%
$588
Home Insurance
18%
$674
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0