This property looks like a bad Long-Term investment with a projected -24.92% first-year return on $368k initial cash invested.
-24.92%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$5,267
Rent
-$7,639
Cashflow
Cash Flow
$5,267 income − $12,906 expenses = $7,639 out of pocket
Investment Breakdown
|
Purchase Price
$1751k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$368k
Downpayment
20%
$350k
Closing costs
1%
$17,514
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,267
Total Expenses
$12,906
Mortgage P&I
184%
$9,714
Property Taxes
23%
$1,193
Home Insurance
12%
$630
HOA
0%
$0
Property Management
10%
$527
CapEx
5%
$263
Vacancy
6%
$316
Maintenance
5%
$263
Other
0%
$0