This property looks like a bad Long-Term investment with a projected -31.94% first-year return on $402k initial cash invested.
-31.94%
Cash On Cash
-0.05%
Cap Rate
-0.01
DSCR
$3,004
Rent
-$10,711
Cashflow
Cash Flow
$3,004 income − $13,715 expenses = $10,711 out of pocket
Investment Breakdown
|
Purchase Price
$1916k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$402k
Downpayment
20%
$383k
Closing costs
1%
$19,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,004
Total Expenses
$13,715
Mortgage P&I
349%
$10,481
Property Taxes
59%
$1,758
Home Insurance
23%
$696
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0