This property looks like a bad Long-Term investment with a projected -23.52% first-year return on $415k initial cash invested.
-23.52%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$7,227
Rent
-$8,130
Cashflow
Cash Flow
$7,227 income − $15,357 expenses = $8,130 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
7.3%
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
$7,227
Total Expenses
$15,357
Mortgage P&I
150%
$10,845
Property Taxes
27%
$1,942
Home Insurance
10%
$691
HOA
0%
$0
Property Management
10%
$723
CapEx
5%
$361
Vacancy
6%
$434
Maintenance
5%
$361
Other
0%
$0