This property looks like a bad Long-Term investment with a projected -23.5% first-year return on $334k initial cash invested.
-23.5%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$5,684
Rent
-$6,544
Cashflow
Cash Flow
$5,684 income − $12,228 expenses = $6,544 out of pocket
Investment Breakdown
|
Purchase Price
$1591k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$334k
Downpayment
20%
$318k
Closing costs
1%
$15,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,684
Total Expenses
$12,228
Mortgage P&I
154%
$8,730
Property Taxes
26%
$1,498
Home Insurance
9%
$523
HOA
0%
$0
Property Management
10%
$568
CapEx
5%
$284
Vacancy
6%
$341
Maintenance
5%
$284
Other
0%
$0