This property looks like a bad Long-Term investment with a projected -28.81% first-year return on $355k initial cash invested.
-28.81%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$2,770
Rent
-$8,521
Cashflow
Cash Flow
$2,770 income − $11,291 expenses = $8,521 out of pocket
Investment Breakdown
|
Purchase Price
$1690k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$338k
Closing costs
1%
$16,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$11,291
Mortgage P&I
319%
$8,836
Property Taxes
40%
$1,121
Home Insurance
21%
$592
HOA
1%
$23
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0