This property looks like a bad Long-Term investment with a projected -18.82% first-year return on $357k initial cash invested.
-18.82%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$7,732
Rent
-$5,592
Cashflow
Cash Flow
$7,732 income − $13,324 expenses = $5,592 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,732
Total Expenses
$13,324
Mortgage P&I
118%
$9,134
Property Taxes
21%
$1,585
Home Insurance
8%
$594
HOA
0%
$0
Property Management
10%
$773
CapEx
5%
$387
Vacancy
6%
$464
Maintenance
5%
$387
Other
0%
$0