This property looks like a bad Long-Term investment with a projected -27.83% first-year return on $350k initial cash invested.
-27.83%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$3,343
Rent
-$8,111
Cashflow
Cash Flow
$3,343 income − $11,454 expenses = $8,111 out of pocket
Investment Breakdown
|
Purchase Price
$1665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$350k
Downpayment
20%
$333k
Closing costs
1%
$16,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,343
Total Expenses
$11,454
Mortgage P&I
272%
$9,107
Property Taxes
26%
$866
Home Insurance
18%
$612
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0