This property looks like a bad Long-Term investment with a projected -24.41% first-year return on $323k initial cash invested.
-24.41%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$5,332
Rent
-$6,567
Cashflow
Cash Flow
$5,332 income − $11,899 expenses = $6,567 out of pocket
Investment Breakdown
|
Purchase Price
$1537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$307k
Closing costs
1%
$15,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,332
Total Expenses
$11,899
Mortgage P&I
158%
$8,408
Property Taxes
28%
$1,511
Home Insurance
11%
$593
HOA
0%
$0
Property Management
10%
$533
CapEx
5%
$267
Vacancy
6%
$320
Maintenance
5%
$267
Other
0%
$0