This property looks like a bad Long-Term investment with a projected -27% first-year return on $394k initial cash invested.
-27%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$3,473
Rent
-$8,875
Cashflow
Cash Flow
$3,473 income − $12,348 expenses = $8,875 out of pocket
Investment Breakdown
|
Purchase Price
$1878k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$376k
Closing costs
1%
$18,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,473
Total Expenses
$12,348
Mortgage P&I
286%
$9,922
Property Taxes
24%
$841
Home Insurance
20%
$682
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0