This property looks like a bad Long-Term investment with a projected -22.98% first-year return on $336k initial cash invested.
-22.98%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$6,011
Rent
-$6,431
Cashflow
Cash Flow
$6,011 income − $12,442 expenses = $6,431 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,011
Total Expenses
$12,442
Mortgage P&I
146%
$8,746
Property Taxes
26%
$1,572
Home Insurance
9%
$560
HOA
0%
$0
Property Management
10%
$601
CapEx
5%
$301
Vacancy
6%
$361
Maintenance
5%
$301
Other
0%
$0