This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $355k initial cash invested.
-20.61%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$7,232
Rent
-$6,099
Cashflow
Cash Flow
$7,232 income − $13,331 expenses = $6,099 out of pocket
Investment Breakdown
|
Purchase Price
$1691k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$338k
Closing costs
1%
$16,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,232
Total Expenses
$13,331
Mortgage P&I
126%
$9,093
Property Taxes
24%
$1,734
Home Insurance
9%
$623
HOA
0%
$0
Property Management
10%
$723
CapEx
5%
$362
Vacancy
6%
$434
Maintenance
5%
$362
Other
0%
$0