This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $350k initial cash invested.
-18.61%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$7,229
Rent
-$5,426
Cashflow
Cash Flow
$7,229 income − $12,655 expenses = $5,426 out of pocket
Investment Breakdown
|
Purchase Price
$1666k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$350k
Downpayment
20%
$333k
Closing costs
1%
$16,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,229
Total Expenses
$12,655
Mortgage P&I
126%
$9,143
Property Taxes
17%
$1,215
Home Insurance
6%
$418
HOA
0%
$0
Property Management
10%
$723
CapEx
5%
$361
Vacancy
6%
$434
Maintenance
5%
$361
Other
0%
$0