This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $351k initial cash invested.
-20.35%
Cash On Cash
2.29%
Cap Rate
0.36
DSCR
$6,395
Rent
-$5,958
Cashflow
Cash Flow
$6,395 income − $12,353 expenses = $5,958 out of pocket
Investment Breakdown
|
Purchase Price
$1673k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$335k
Closing costs
1%
$16,729
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,395
Total Expenses
$12,353
Mortgage P&I
138%
$8,834
Property Taxes
19%
$1,190
Home Insurance
10%
$665
HOA
0%
$0
Property Management
10%
$640
CapEx
5%
$320
Vacancy
6%
$384
Maintenance
5%
$320
Other
0%
$0