This property looks like a bad Long-Term investment with a projected -23.81% first-year return on $328k initial cash invested.
-23.81%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$4,032
Rent
-$6,507
Cashflow
Cash Flow
$4,032 income − $10,539 expenses = $6,507 out of pocket
Investment Breakdown
|
Purchase Price
$1562k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$312k
Closing costs
1%
$15,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,032
Total Expenses
$10,539
Mortgage P&I
214%
$8,611
Property Taxes
7%
$272
Home Insurance
14%
$578
HOA
1%
$29
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0