This property looks like a bad Long-Term investment with a projected -29.12% first-year return on $351k initial cash invested.
-29.12%
Cash On Cash
0.29%
Cap Rate
0.05
DSCR
$3,820
Rent
-$8,526
Cashflow
Cash Flow
$3,820 income − $12,346 expenses = $8,526 out of pocket
Investment Breakdown
|
Purchase Price
$1673k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$335k
Closing costs
1%
$16,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,820
Total Expenses
$12,346
Mortgage P&I
229%
$8,736
Property Taxes
47%
$1,779
Home Insurance
22%
$838
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0