This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $356k initial cash invested.
-23.97%
Cash On Cash
1.8%
Cap Rate
0.27
DSCR
$5,971
Rent
-$7,119
Cashflow
Cash Flow
$5,971 income − $13,090 expenses = $7,119 out of pocket
Investment Breakdown
|
Purchase Price
$1697k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$356k
Downpayment
20%
$339k
Closing costs
1%
$16,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,971
Total Expenses
$13,090
Mortgage P&I
157%
$9,359
Property Taxes
27%
$1,584
Home Insurance
10%
$594
HOA
0%
$0
Property Management
10%
$597
CapEx
5%
$299
Vacancy
6%
$358
Maintenance
5%
$299
Other
0%
$0