This property looks like a bad Long-Term investment with a projected -28.33% first-year return on $350k initial cash invested.
-28.33%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$3,346
Rent
-$8,263
Cashflow
Cash Flow
$3,346 income − $11,609 expenses = $8,263 out of pocket
Investment Breakdown
|
Purchase Price
$1667k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$350k
Downpayment
20%
$333k
Closing costs
1%
$16,669
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,346
Total Expenses
$11,609
Mortgage P&I
265%
$8,851
Property Taxes
30%
$988
Home Insurance
26%
$875
HOA
1%
$25
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0