This property looks like a bad Long-Term investment with a projected -22.74% first-year return on $331k initial cash invested.
-22.74%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$5,953
Rent
-$6,279
Cashflow
Cash Flow
$5,953 income − $12,232 expenses = $6,279 out of pocket
Investment Breakdown
|
Purchase Price
$1578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$316k
Closing costs
1%
$15,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,953
Total Expenses
$12,232
Mortgage P&I
144%
$8,568
Property Taxes
26%
$1,539
Home Insurance
10%
$577
HOA
0%
$0
Property Management
10%
$595
CapEx
5%
$298
Vacancy
6%
$357
Maintenance
5%
$298
Other
0%
$0