This property looks like a bad Long-Term investment with a projected -21.14% first-year return on $346k initial cash invested.
-21.14%
Cash On Cash
2.05%
Cap Rate
0.33
DSCR
$5,110
Rent
-$6,100
Cashflow
Cash Flow
$5,110 income − $11,210 expenses = $6,100 out of pocket
Investment Breakdown
|
Purchase Price
$1649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$330k
Closing costs
1%
$16,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,110
Total Expenses
$11,210
Mortgage P&I
170%
$8,662
Property Taxes
11%
$556
Home Insurance
12%
$604
HOA
1%
$58
Property Management
10%
$511
CapEx
5%
$256
Vacancy
6%
$307
Maintenance
5%
$256
Other
0%
$0