This property looks like a bad Long-Term investment with a projected -29.05% first-year return on $341k initial cash invested.
-29.05%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$3,099
Rent
-$8,257
Cashflow
Cash Flow
$3,099 income − $11,356 expenses = $8,257 out of pocket
Investment Breakdown
|
Purchase Price
$1624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$325k
Closing costs
1%
$16,242
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,099
Total Expenses
$11,356
Mortgage P&I
286%
$8,864
Property Taxes
33%
$1,038
Home Insurance
21%
$648
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0