This property looks like a bad Long-Term investment with a projected -28.4% first-year return on $329k initial cash invested.
-28.4%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$3,105
Rent
-$7,784
Cashflow
Cash Flow
$3,105 income − $10,889 expenses = $7,784 out of pocket
Investment Breakdown
|
Purchase Price
$1566k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$313k
Closing costs
1%
$15,664
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,105
Total Expenses
$10,889
Mortgage P&I
279%
$8,655
Property Taxes
28%
$883
Home Insurance
18%
$545
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0