This property looks like a bad Long-Term investment with a projected -24.51% first-year return on $337k initial cash invested.
-24.51%
Cash On Cash
1.46%
Cap Rate
0.23
DSCR
$4,990
Rent
-$6,889
Cashflow
Cash Flow
$4,990 income − $11,879 expenses = $6,889 out of pocket
Investment Breakdown
|
Purchase Price
$1606k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$337k
Downpayment
20%
$321k
Closing costs
1%
$16,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,990
Total Expenses
$11,879
Mortgage P&I
172%
$8,592
Property Taxes
29%
$1,464
Home Insurance
11%
$525
HOA
0%
$0
Property Management
10%
$499
CapEx
5%
$250
Vacancy
6%
$299
Maintenance
5%
$250
Other
0%
$0