This property looks like a bad Long-Term investment with a projected -24.19% first-year return on $346k initial cash invested.
-24.19%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$4,393
Rent
-$6,975
Cashflow
Cash Flow
$4,393 income − $11,368 expenses = $6,975 out of pocket
Investment Breakdown
|
Purchase Price
$1648k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$330k
Closing costs
1%
$16,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,393
Total Expenses
$11,368
Mortgage P&I
194%
$8,514
Property Taxes
25%
$1,116
Home Insurance
14%
$595
HOA
0%
$0
Property Management
10%
$439
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0