This property looks like a bad Long-Term investment with a projected -25.77% first-year return on $342k initial cash invested.
-25.77%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$2,854
Rent
-$7,347
Cashflow
Cash Flow
$2,854 income − $10,201 expenses = $7,347 out of pocket
Investment Breakdown
|
Purchase Price
$1629k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$342k
Downpayment
20%
$326k
Closing costs
1%
$16,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,854
Total Expenses
$10,201
Mortgage P&I
288%
$8,228
Property Taxes
22%
$636
Home Insurance
21%
$595
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0