This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $335k initial cash invested.
-18.22%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$6,600
Rent
-$5,085
Cashflow
Cash Flow
$6,600 income − $11,685 expenses = $5,085 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$335k
Downpayment
20%
$319k
Closing costs
1%
$15,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,600
Total Expenses
$11,685
Mortgage P&I
123%
$8,130
Property Taxes
21%
$1,367
Home Insurance
7%
$472
HOA
0%
$0
Property Management
10%
$660
CapEx
5%
$330
Vacancy
6%
$396
Maintenance
5%
$330
Other
0%
$0