This property looks like a bad Long-Term investment with a projected -22.81% first-year return on $354k initial cash invested.
-22.81%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$4,312
Rent
-$6,736
Cashflow
Cash Flow
$4,312 income − $11,048 expenses = $6,736 out of pocket
Investment Breakdown
|
Purchase Price
$1687k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$337k
Closing costs
1%
$16,874
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,312
Total Expenses
$11,048
Mortgage P&I
200%
$8,606
Property Taxes
16%
$698
Home Insurance
14%
$622
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0