This property looks like a bad Long-Term investment with a projected -24.03% first-year return on $378k initial cash invested.
-24.03%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$5,896
Rent
-$7,566
Cashflow
Cash Flow
$5,896 income − $13,462 expenses = $7,566 out of pocket
Investment Breakdown
|
Purchase Price
$1799k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$360k
Closing costs
1%
$17,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,896
Total Expenses
$13,462
Mortgage P&I
162%
$9,529
Property Taxes
30%
$1,769
Home Insurance
11%
$630
HOA
0%
$0
Property Management
10%
$590
CapEx
5%
$295
Vacancy
6%
$354
Maintenance
5%
$295
Other
0%
$0