This property looks like a bad Long-Term investment with a projected -26.48% first-year return on $351k initial cash invested.
-26.48%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$4,529
Rent
-$7,740
Cashflow
Cash Flow
$4,529 income − $12,269 expenses = $7,740 out of pocket
Investment Breakdown
|
Purchase Price
$1670k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$334k
Closing costs
1%
$16,704
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,529
Total Expenses
$12,269
Mortgage P&I
195%
$8,848
Property Taxes
36%
$1,632
Home Insurance
14%
$612
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0