This property looks like a bad Long-Term investment with a projected -25.27% first-year return on $416k initial cash invested.
-25.27%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$6,060
Rent
-$8,771
Cashflow
Cash Flow
$6,060 income − $14,831 expenses = $8,771 out of pocket
Investment Breakdown
|
Purchase Price
$1983k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$416k
Downpayment
20%
$397k
Closing costs
1%
$19,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,060
Total Expenses
$14,831
Mortgage P&I
181%
$10,976
Property Taxes
25%
$1,544
Home Insurance
12%
$735
HOA
0%
$0
Property Management
10%
$606
CapEx
5%
$303
Vacancy
6%
$364
Maintenance
5%
$303
Other
0%
$0