This property looks like a bad Long-Term investment with a projected -26.49% first-year return on $320k initial cash invested.
-26.49%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$3,247
Rent
-$7,063
Cashflow
Cash Flow
$3,247 income − $10,310 expenses = $7,063 out of pocket
Investment Breakdown
|
Purchase Price
$1524k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$305k
Closing costs
1%
$15,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,247
Total Expenses
$10,310
Mortgage P&I
256%
$8,324
Property Taxes
19%
$609
Home Insurance
16%
$533
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0