This property looks like a bad Long-Term investment with a projected -26.81% first-year return on $341k initial cash invested.
-26.81%
Cash On Cash
1.37%
Cap Rate
0.2
DSCR
$4,535
Rent
-$7,628
Cashflow
Cash Flow
$4,535 income − $12,163 expenses = $7,628 out of pocket
Investment Breakdown
|
Purchase Price
$1626k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$325k
Closing costs
1%
$16,260
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,535
Total Expenses
$12,163
Mortgage P&I
204%
$9,251
Property Taxes
20%
$890
Home Insurance
13%
$595
HOA
5%
$247
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0