This property looks like a bad Long-Term investment with a projected -25.98% first-year return on $336k initial cash invested.
-25.98%
Cash On Cash
0.76%
Cap Rate
0.12
DSCR
$2,705
Rent
-$7,270
Cashflow
Cash Flow
$2,705 income − $9,975 expenses = $7,270 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,705
Total Expenses
$9,975
Mortgage P&I
301%
$8,147
Property Taxes
21%
$566
Home Insurance
21%
$560
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0