This property looks like a bad Long-Term investment with a projected -27.14% first-year return on $351k initial cash invested.
-27.14%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$4,647
Rent
-$7,936
Cashflow
Cash Flow
$4,647 income − $12,583 expenses = $7,936 out of pocket
Investment Breakdown
|
Purchase Price
$1671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$334k
Closing costs
1%
$16,707
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,647
Total Expenses
$12,583
Mortgage P&I
198%
$9,186
Property Taxes
34%
$1,577
Home Insurance
13%
$612
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0