This property looks like a bad Long-Term investment with a projected -26.24% first-year return on $336k initial cash invested.
-26.24%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$2,505
Rent
-$7,348
Cashflow
Cash Flow
$2,505 income − $9,853 expenses = $7,348 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,505
Total Expenses
$9,853
Mortgage P&I
337%
$8,433
Property Taxes
8%
$210
Home Insurance
22%
$560
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0