This property looks like a bad Long-Term investment with a projected -24.57% first-year return on $345k initial cash invested.
-24.57%
Cash On Cash
1.32%
Cap Rate
0.21
DSCR
$4,310
Rent
-$7,073
Cashflow
Cash Flow
$4,310 income − $11,383 expenses = $7,073 out of pocket
Investment Breakdown
|
Purchase Price
$1645k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$345k
Downpayment
20%
$329k
Closing costs
1%
$16,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,310
Total Expenses
$11,383
Mortgage P&I
201%
$8,669
Property Taxes
23%
$998
Home Insurance
14%
$594
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0