This property looks like a bad Long-Term investment with a projected -28.75% first-year return on $357k initial cash invested.
-28.75%
Cash On Cash
0.47%
Cap Rate
0.07
DSCR
$2,195
Rent
-$8,552
Cashflow
Cash Flow
$2,195 income − $10,747 expenses = $8,552 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$340k
Closing costs
1%
$16,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,195
Total Expenses
$10,747
Mortgage P&I
415%
$9,114
Property Taxes
21%
$466
Home Insurance
27%
$595
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0