This property looks like a bad Long-Term investment with a projected -28.81% first-year return on $410k initial cash invested.
-28.81%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$4,354
Rent
-$9,830
Cashflow
Cash Flow
$4,354 income − $14,184 expenses = $9,830 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$410k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,354
Total Expenses
$14,184
Mortgage P&I
244%
$10,642
Property Taxes
40%
$1,728
Home Insurance
16%
$682
HOA
0%
$0
Property Management
10%
$435
CapEx
5%
$218
Vacancy
6%
$261
Maintenance
5%
$218
Other
0%
$0