This property looks like a bad Long-Term investment with a projected -25.08% first-year return on $329k initial cash invested.
-25.08%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$5,187
Rent
-$6,881
Cashflow
Cash Flow
$5,187 income − $12,068 expenses = $6,881 out of pocket
Investment Breakdown
|
Purchase Price
$1568k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$314k
Closing costs
1%
$15,677
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,187
Total Expenses
$12,068
Mortgage P&I
166%
$8,607
Property Taxes
30%
$1,555
Home Insurance
11%
$558
HOA
0%
$0
Property Management
10%
$519
CapEx
5%
$259
Vacancy
6%
$311
Maintenance
5%
$259
Other
0%
$0