This property looks like a bad Long-Term investment with a projected -21.34% first-year return on $335k initial cash invested.
-21.34%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$4,483
Rent
-$5,956
Cashflow
Cash Flow
$4,483 income − $10,439 expenses = $5,956 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$335k
Downpayment
20%
$319k
Closing costs
1%
$15,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,483
Total Expenses
$10,439
Mortgage P&I
188%
$8,431
Property Taxes
6%
$285
Home Insurance
12%
$558
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0