This property looks like a bad Long-Term investment with a projected -27.49% first-year return on $357k initial cash invested.
-27.49%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$4,643
Rent
-$8,172
Cashflow
Cash Flow
$4,643 income − $12,815 expenses = $8,172 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$16,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,643
Total Expenses
$12,815
Mortgage P&I
201%
$9,328
Property Taxes
36%
$1,685
Home Insurance
13%
$595
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0