This property looks like a bad Long-Term investment with a projected -23.98% first-year return on $378k initial cash invested.
-23.98%
Cash On Cash
1.73%
Cap Rate
0.26
DSCR
$6,354
Rent
-$7,548
Cashflow
Cash Flow
$6,354 income − $13,902 expenses = $7,548 out of pocket
Investment Breakdown
|
Purchase Price
$1799k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$360k
Closing costs
1%
$17,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,354
Total Expenses
$13,902
Mortgage P&I
155%
$9,826
Property Taxes
25%
$1,589
Home Insurance
10%
$630
HOA
3%
$205
Property Management
10%
$635
CapEx
5%
$318
Vacancy
6%
$381
Maintenance
5%
$318
Other
0%
$0