This property looks like a bad Long-Term investment with a projected -23.98% first-year return on $341k initial cash invested.
-23.98%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$6,498
Rent
-$6,810
Cashflow
Cash Flow
$6,498 income − $13,308 expenses = $6,810 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%
$16,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,498
Total Expenses
$13,308
Mortgage P&I
137%
$8,874
Property Taxes
24%
$1,538
Home Insurance
9%
$578
HOA
10%
$628
Property Management
10%
$650
CapEx
5%
$325
Vacancy
6%
$390
Maintenance
5%
$325
Other
0%
$0