This property looks like a bad Long-Term investment with a projected -25.88% first-year return on $387k initial cash invested.
-25.88%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$7,480
Rent
-$8,337
Cashflow
Cash Flow
$7,480 income − $15,817 expenses = $8,337 out of pocket
Investment Breakdown
|
Purchase Price
$1841k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$387k
Downpayment
20%
$368k
Closing costs
1%
$18,407
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,480
Total Expenses
$15,817
Mortgage P&I
138%
$10,296
Property Taxes
39%
$2,914
Home Insurance
9%
$662
HOA
0%
$0
Property Management
10%
$748
CapEx
5%
$374
Vacancy
6%
$449
Maintenance
5%
$374
Other
0%
$0