This property looks like a bad Long-Term investment with a projected -23.78% first-year return on $319k initial cash invested.
-23.78%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$3,601
Rent
-$6,325
Cashflow
Cash Flow
$3,601 income − $9,926 expenses = $6,325 out of pocket
Investment Breakdown
|
Purchase Price
$1520k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$319k
Downpayment
20%
$304k
Closing costs
1%
$15,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,601
Total Expenses
$9,926
Mortgage P&I
211%
$7,610
Property Taxes
23%
$824
Home Insurance
15%
$556
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0