This property looks like a bad Long-Term investment with a projected -23.4% first-year return on $376k initial cash invested.
-23.4%
Cash On Cash
1.53%
Cap Rate
0.24
DSCR
$5,253
Rent
-$7,325
Cashflow
Cash Flow
$5,253 income − $12,578 expenses = $7,325 out of pocket
Investment Breakdown
|
Purchase Price
$1789k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$358k
Closing costs
1%
$17,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,253
Total Expenses
$12,578
Mortgage P&I
178%
$9,339
Property Taxes
26%
$1,348
Home Insurance
10%
$525
HOA
0%
$0
Property Management
10%
$525
CapEx
5%
$263
Vacancy
6%
$315
Maintenance
5%
$263
Other
0%
$0