This property looks like a bad Long-Term investment with a projected -26.01% first-year return on $345k initial cash invested.
-26.01%
Cash On Cash
1.33%
Cap Rate
0.2
DSCR
$3,063
Rent
-$7,483
Cashflow
Cash Flow
$3,063 income − $10,546 expenses = $7,483 out of pocket
Investment Breakdown
|
Purchase Price
$1644k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$345k
Downpayment
20%
$329k
Closing costs
1%
$16,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,063
Total Expenses
$10,546
Mortgage P&I
299%
$9,149
Property Taxes
1%
$32
Home Insurance
19%
$569
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0