This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $358k initial cash invested.
-20.05%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$7,648
Rent
-$5,984
Cashflow
Cash Flow
$7,648 income − $13,632 expenses = $5,984 out of pocket
Investment Breakdown
|
Purchase Price
$1706k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$358k
Downpayment
20%
$341k
Closing costs
1%
$17,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,648
Total Expenses
$13,632
Mortgage P&I
114%
$8,744
Property Taxes
21%
$1,586
Home Insurance
8%
$628
HOA
9%
$686
Property Management
10%
$765
CapEx
5%
$382
Vacancy
6%
$459
Maintenance
5%
$382
Other
0%
$0