This property looks like a bad Long-Term investment with a projected -24.77% first-year return on $361k initial cash invested.
-24.77%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$5,918
Rent
-$7,455
Cashflow
Cash Flow
$5,918 income − $13,373 expenses = $7,455 out of pocket
Investment Breakdown
|
Purchase Price
$1720k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$361k
Downpayment
20%
$344k
Closing costs
1%
$17,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,918
Total Expenses
$13,373
Mortgage P&I
160%
$9,486
Property Taxes
29%
$1,720
Home Insurance
11%
$628
HOA
0%
$0
Property Management
10%
$592
CapEx
5%
$296
Vacancy
6%
$355
Maintenance
5%
$296
Other
0%
$0