This property looks like a bad Long-Term investment with a projected -26.86% first-year return on $351k initial cash invested.
-26.86%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$4,639
Rent
-$7,852
Cashflow
Cash Flow
$4,639 income − $12,491 expenses = $7,852 out of pocket
Investment Breakdown
|
Purchase Price
$1671k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$334k
Closing costs
1%
$16,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,639
Total Expenses
$12,491
Mortgage P&I
200%
$9,297
Property Taxes
30%
$1,376
Home Insurance
13%
$612
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$278
Maintenance
5%
$232
Other
0%
$0