This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $328k initial cash invested.
-21.85%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$6,753
Rent
-$5,971
Cashflow
Cash Flow
$6,753 income − $12,724 expenses = $5,971 out of pocket
Investment Breakdown
|
Purchase Price
$1562k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$312k
Closing costs
1%
$15,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,753
Total Expenses
$12,724
Mortgage P&I
128%
$8,652
Property Taxes
23%
$1,536
Home Insurance
8%
$551
HOA
3%
$229
Property Management
10%
$675
CapEx
5%
$338
Vacancy
6%
$405
Maintenance
5%
$338
Other
0%
$0