This property looks like a bad Long-Term investment with a projected -24.31% first-year return on $328k initial cash invested.
-24.31%
Cash On Cash
1.17%
Cap Rate
0.19
DSCR
$3,739
Rent
-$6,647
Cashflow
Cash Flow
$3,739 income − $10,386 expenses = $6,647 out of pocket
Investment Breakdown
|
Purchase Price
$1562k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$312k
Closing costs
1%
$15,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,739
Total Expenses
$10,386
Mortgage P&I
213%
$7,982
Property Taxes
23%
$872
Home Insurance
15%
$560
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0