This property looks like a bad Long-Term investment with a projected -23.2% first-year return on $377k initial cash invested.
-23.2%
Cash On Cash
1.7%
Cap Rate
0.27
DSCR
$6,194
Rent
-$7,287
Cashflow
Cash Flow
$6,194 income − $13,481 expenses = $7,287 out of pocket
Investment Breakdown
|
Purchase Price
$1795k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$377k
Downpayment
20%
$359k
Closing costs
1%
$17,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,194
Total Expenses
$13,481
Mortgage P&I
154%
$9,522
Property Taxes
28%
$1,720
Home Insurance
10%
$628
HOA
0%
$0
Property Management
10%
$619
CapEx
5%
$310
Vacancy
6%
$372
Maintenance
5%
$310
Other
0%
$0