This property looks like a bad Long-Term investment with a projected -22.82% first-year return on $353k initial cash invested.
-22.82%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$6,493
Rent
-$6,717
Cashflow
Cash Flow
$6,493 income − $13,210 expenses = $6,717 out of pocket
Investment Breakdown
|
Purchase Price
$1682k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$336k
Closing costs
1%
$16,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,493
Total Expenses
$13,210
Mortgage P&I
143%
$9,305
Property Taxes
25%
$1,604
Home Insurance
9%
$612
HOA
0%
$0
Property Management
10%
$649
CapEx
5%
$325
Vacancy
6%
$390
Maintenance
5%
$325
Other
0%
$0