This property looks like a bad Long-Term investment with a projected -27.83% first-year return on $408k initial cash invested.
-27.83%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$2,789
Rent
-$9,459
Cashflow
Cash Flow
$2,789 income − $12,248 expenses = $9,459 out of pocket
Investment Breakdown
|
Purchase Price
$1943k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$389k
Closing costs
1%
$19,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,789
Total Expenses
$12,248
Mortgage P&I
372%
$10,380
Property Taxes
25%
$692
Home Insurance
16%
$452
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0