This property looks like a bad Long-Term investment with a projected -27.99% first-year return on $357k initial cash invested.
-27.99%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$2,098
Rent
-$8,321
Cashflow
Cash Flow
$2,098 income − $10,419 expenses = $8,321 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,098
Total Expenses
$10,419
Mortgage P&I
427%
$8,961
Property Taxes
15%
$317
Home Insurance
28%
$595
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0