This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $362k initial cash invested.
-20.89%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$6,665
Rent
-$6,296
Cashflow
Cash Flow
$6,665 income − $12,961 expenses = $6,296 out of pocket
Investment Breakdown
|
Purchase Price
$1723k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$362k
Downpayment
20%
$345k
Closing costs
1%
$17,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,665
Total Expenses
$12,961
Mortgage P&I
142%
$9,455
Property Taxes
20%
$1,320
Home Insurance
7%
$454
HOA
0%
$0
Property Management
10%
$666
CapEx
5%
$333
Vacancy
6%
$400
Maintenance
5%
$333
Other
0%
$0