This property looks like a bad Long-Term investment with a projected -22.81% first-year return on $339k initial cash invested.
-22.81%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$5,139
Rent
-$6,442
Cashflow
Cash Flow
$5,139 income − $11,581 expenses = $6,442 out of pocket
Investment Breakdown
|
Purchase Price
$1614k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$339k
Downpayment
20%
$323k
Closing costs
1%
$16,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,139
Total Expenses
$11,581
Mortgage P&I
166%
$8,525
Property Taxes
22%
$1,134
Home Insurance
11%
$586
HOA
0%
$0
Property Management
10%
$514
CapEx
5%
$257
Vacancy
6%
$308
Maintenance
5%
$257
Other
0%
$0