This property looks like a bad Long-Term investment with a projected -26.93% first-year return on $340k initial cash invested.
-26.93%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$4,611
Rent
-$7,632
Cashflow
Cash Flow
$4,611 income − $12,243 expenses = $7,632 out of pocket
Investment Breakdown
|
Purchase Price
$1620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$340k
Downpayment
20%
$324k
Closing costs
1%
$16,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,611
Total Expenses
$12,243
Mortgage P&I
192%
$8,858
Property Taxes
35%
$1,608
Home Insurance
13%
$577
HOA
0%
$0
Property Management
10%
$461
CapEx
5%
$231
Vacancy
6%
$277
Maintenance
5%
$231
Other
0%
$0