This property looks like a bad Long-Term investment with a projected -25.75% first-year return on $397k initial cash invested.
-25.75%
Cash On Cash
0.7%
Cap Rate
0.12
DSCR
$3,897
Rent
-$8,516
Cashflow
Cash Flow
$3,897 income − $12,413 expenses = $8,516 out of pocket
Investment Breakdown
|
Purchase Price
$1890k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$397k
Downpayment
20%
$378k
Closing costs
1%
$18,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$12,413
Mortgage P&I
242%
$9,422
Property Taxes
8%
$315
Home Insurance
17%
$662
HOA
26%
$1,000
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0