This property looks like a bad Long-Term investment with a projected -24.69% first-year return on $336k initial cash invested.
-24.69%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$5,732
Rent
-$6,914
Cashflow
Cash Flow
$5,732 income − $12,646 expenses = $6,914 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,732
Total Expenses
$12,646
Mortgage P&I
153%
$8,752
Property Taxes
28%
$1,586
Home Insurance
10%
$560
HOA
4%
$257
Property Management
10%
$573
CapEx
5%
$287
Vacancy
6%
$344
Maintenance
5%
$287
Other
0%
$0