This property looks like a bad Long-Term investment with a projected -27.35% first-year return on $376k initial cash invested.
-27.35%
Cash On Cash
0.73%
Cap Rate
0.11
DSCR
$2,513
Rent
-$8,568
Cashflow
Cash Flow
$2,513 income − $11,081 expenses = $8,568 out of pocket
Investment Breakdown
|
Purchase Price
$1790k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$358k
Closing costs
1%
$17,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,513
Total Expenses
$11,081
Mortgage P&I
379%
$9,527
Property Taxes
11%
$274
Home Insurance
25%
$626
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0