This property looks like a bad Long-Term investment with a projected -22.75% first-year return on $355k initial cash invested.
-22.75%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$5,120
Rent
-$6,729
Cashflow
Cash Flow
$5,120 income − $11,849 expenses = $6,729 out of pocket
Investment Breakdown
|
Purchase Price
$1690k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$338k
Closing costs
1%
$16,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,120
Total Expenses
$11,849
Mortgage P&I
184%
$9,405
Property Taxes
9%
$479
Home Insurance
12%
$592
HOA
1%
$42
Property Management
10%
$512
CapEx
5%
$256
Vacancy
6%
$307
Maintenance
5%
$256
Other
0%
$0