This property looks like a bad Long-Term investment with a projected -26.17% first-year return on $341k initial cash invested.
-26.17%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$5,376
Rent
-$7,433
Cashflow
Cash Flow
$5,376 income − $12,809 expenses = $7,433 out of pocket
Investment Breakdown
|
Purchase Price
$1623k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$325k
Closing costs
1%
$16,230
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,376
Total Expenses
$12,809
Mortgage P&I
165%
$8,889
Property Taxes
17%
$923
Home Insurance
23%
$1,258
HOA
6%
$340
Property Management
10%
$538
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0