This property looks like a bad Long-Term investment with a projected -26.99% first-year return on $329k initial cash invested.
-26.99%
Cash On Cash
0.41%
Cap Rate
0.07
DSCR
$2,678
Rent
-$7,397
Cashflow
Cash Flow
$2,678 income − $10,075 expenses = $7,397 out of pocket
Investment Breakdown
|
Purchase Price
$1566k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$313k
Closing costs
1%
$15,660
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,678
Total Expenses
$10,075
Mortgage P&I
291%
$7,799
Property Taxes
39%
$1,031
Home Insurance
20%
$548
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0