This property looks like a bad Long-Term investment with a projected -28.36% first-year return on $441k initial cash invested.
-28.36%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,630
Rent
-$10,422
Cashflow
Cash Flow
$2,630 income − $13,052 expenses = $10,422 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,630
Total Expenses
$13,052
Mortgage P&I
417%
$10,966
Property Taxes
25%
$666
Home Insurance
28%
$735
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0