This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $321k initial cash invested.
-24.38%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$4,854
Rent
-$6,514
Cashflow
Cash Flow
$4,854 income − $11,368 expenses = $6,514 out of pocket
Investment Breakdown
|
Purchase Price
$1527k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$321k
Downpayment
20%
$305k
Closing costs
1%
$15,268
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,854
Total Expenses
$11,368
Mortgage P&I
172%
$8,367
Property Taxes
18%
$874
Home Insurance
12%
$559
HOA
6%
$306
Property Management
10%
$485
CapEx
5%
$243
Vacancy
6%
$291
Maintenance
5%
$243
Other
0%
$0