This property looks like a bad Long-Term investment with a projected -23.31% first-year return on $358k initial cash invested.
-23.31%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$4,238
Rent
-$6,947
Cashflow
Cash Flow
$4,238 income − $11,185 expenses = $6,947 out of pocket
Investment Breakdown
|
Purchase Price
$1703k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$358k
Downpayment
20%
$341k
Closing costs
1%
$17,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,238
Total Expenses
$11,185
Mortgage P&I
223%
$9,445
Property Taxes
0%
$8
Home Insurance
15%
$630
HOA
0%
$0
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$254
Maintenance
5%
$212
Other
0%
$0