This property looks like a bad Long-Term investment with a projected -35.8% first-year return on $390k initial cash invested.
-35.8%
Cash On Cash
-0.65%
Cap Rate
-0.1
DSCR
$1,918
Rent
-$11,623
Cashflow
Cash Flow
$1,918 income − $13,541 expenses = $11,623 out of pocket
Investment Breakdown
|
Purchase Price
$1855k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$390k
Downpayment
20%
$371k
Closing costs
1%
$18,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,918
Total Expenses
$13,541
Mortgage P&I
549%
$10,526
Property Taxes
73%
$1,396
Home Insurance
58%
$1,120
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0