This property looks like a bad Long-Term investment with a projected -32.81% first-year return on $357k initial cash invested.
-32.81%
Cash On Cash
-0.16%
Cap Rate
-0.02
DSCR
$1,194
Rent
-$9,760
Cashflow
Cash Flow
$1,194 income − $10,954 expenses = $9,760 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$17,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,194
Total Expenses
$10,954
Mortgage P&I
794%
$9,480
Property Taxes
48%
$568
Home Insurance
50%
$595
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0