This property looks like a bad Long-Term investment with a projected -23.2% first-year return on $357k initial cash invested.
-23.2%
Cash On Cash
2.1%
Cap Rate
0.31
DSCR
$5,102
Rent
-$6,893
Cashflow
Cash Flow
$5,102 income − $11,995 expenses = $6,893 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,102
Total Expenses
$11,995
Mortgage P&I
188%
$9,614
Property Taxes
6%
$311
Home Insurance
12%
$594
HOA
3%
$150
Property Management
10%
$510
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0