This property looks like a bad Long-Term investment with a projected -23.86% first-year return on $362k initial cash invested.
-23.86%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$6,002
Rent
-$7,204
Cashflow
Cash Flow
$6,002 income − $13,206 expenses = $7,204 out of pocket
Investment Breakdown
|
Purchase Price
$1725k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$362k
Downpayment
20%
$345k
Closing costs
1%
$17,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,002
Total Expenses
$13,206
Mortgage P&I
157%
$9,432
Property Taxes
27%
$1,610
Home Insurance
10%
$604
HOA
0%
$0
Property Management
10%
$600
CapEx
5%
$300
Vacancy
6%
$360
Maintenance
5%
$300
Other
0%
$0