This property looks like a bad Long-Term investment with a projected -27.49% first-year return on $326k initial cash invested.
-27.49%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$2,958
Rent
-$7,457
Cashflow
Cash Flow
$2,958 income − $10,415 expenses = $7,457 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$326k
Downpayment
20%
$310k
Closing costs
1%
$15,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,958
Total Expenses
$10,415
Mortgage P&I
272%
$8,033
Property Taxes
36%
$1,071
Home Insurance
18%
$542
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0