This property looks like a bad Long-Term investment with a projected -21.24% first-year return on $352k initial cash invested.
-21.24%
Cash On Cash
2.5%
Cap Rate
0.37
DSCR
$7,425
Rent
-$6,225
Cashflow
Cash Flow
$7,425 income − $13,650 expenses = $6,225 out of pocket
Investment Breakdown
|
Purchase Price
$1675k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$335k
Closing costs
1%
$16,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,425
Total Expenses
$13,650
Mortgage P&I
126%
$9,347
Property Taxes
18%
$1,309
Home Insurance
8%
$586
HOA
6%
$478
Property Management
10%
$742
CapEx
5%
$371
Vacancy
6%
$446
Maintenance
5%
$371
Other
0%
$0