This property looks like a bad Long-Term investment with a projected -24.82% first-year return on $357k initial cash invested.
-24.82%
Cash On Cash
1.43%
Cap Rate
0.22
DSCR
$5,207
Rent
-$7,374
Cashflow
Cash Flow
$5,207 income − $12,581 expenses = $7,374 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,207
Total Expenses
$12,581
Mortgage P&I
175%
$9,134
Property Taxes
29%
$1,500
Home Insurance
11%
$594
HOA
0%
$0
Property Management
10%
$521
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0