This property looks like a bad Long-Term investment with a projected -24.54% first-year return on $347k initial cash invested.
-24.54%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$3,503
Rent
-$7,085
Cashflow
Cash Flow
$3,503 income − $10,588 expenses = $7,085 out of pocket
Investment Breakdown
|
Purchase Price
$1650k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$330k
Closing costs
1%
$16,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,503
Total Expenses
$10,588
Mortgage P&I
248%
$8,698
Property Taxes
11%
$402
Home Insurance
17%
$578
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0