This property looks like a bad Long-Term investment with a projected -28.42% first-year return on $336k initial cash invested.
-28.42%
Cash On Cash
0.22%
Cap Rate
0.04
DSCR
$1,449
Rent
-$7,957
Cashflow
Cash Flow
$1,449 income − $9,406 expenses = $7,957 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,449
Total Expenses
$9,406
Mortgage P&I
565%
$8,185
Property Taxes
20%
$285
Home Insurance
39%
$560
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0