This property looks like a bad Long-Term investment with a projected -21.76% first-year return on $354k initial cash invested.
-21.76%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$5,576
Rent
-$6,426
Cashflow
Cash Flow
$5,576 income − $12,002 expenses = $6,426 out of pocket
Investment Breakdown
|
Purchase Price
$1688k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$338k
Closing costs
1%
$16,875
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,576
Total Expenses
$12,002
Mortgage P&I
166%
$9,266
Property Taxes
8%
$444
Home Insurance
11%
$591
HOA
4%
$250
Property Management
10%
$558
CapEx
5%
$279
Vacancy
6%
$335
Maintenance
5%
$279
Other
0%
$0