This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $344k initial cash invested.
-18.49%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$7,132
Rent
-$5,297
Cashflow
Cash Flow
$7,132 income − $12,429 expenses = $5,297 out of pocket
Investment Breakdown
|
Purchase Price
$1637k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$327k
Closing costs
1%
$16,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,132
Total Expenses
$12,429
Mortgage P&I
123%
$8,783
Property Taxes
13%
$918
Home Insurance
12%
$873
HOA
0%
$0
Property Management
10%
$713
CapEx
5%
$357
Vacancy
6%
$428
Maintenance
5%
$357
Other
0%
$0