This property looks like a bad Long-Term investment with a projected -21.25% first-year return on $337k initial cash invested.
-21.25%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$6,510
Rent
-$5,973
Cashflow
Cash Flow
$6,510 income − $12,483 expenses = $5,973 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%
$16,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,510
Total Expenses
$12,483
Mortgage P&I
131%
$8,500
Property Taxes
25%
$1,648
Home Insurance
9%
$612
HOA
0%
$29
Property Management
10%
$651
CapEx
5%
$326
Vacancy
6%
$391
Maintenance
5%
$326
Other
0%
$0