This property looks like a bad Long-Term investment with a projected -29.94% first-year return on $415k initial cash invested.
-29.94%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$2,621
Rent
-$10,347
Cashflow
Cash Flow
$2,621 income − $12,968 expenses = $10,347 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$415k
Downpayment
20%
$395k
Closing costs
1%
$19,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,621
Total Expenses
$12,968
Mortgage P&I
396%
$10,378
Property Taxes
46%
$1,218
Home Insurance
26%
$691
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0