This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $343k initial cash invested.
-21.11%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$7,316
Rent
-$6,043
Cashflow
Cash Flow
$7,316 income − $13,359 expenses = $6,043 out of pocket
Investment Breakdown
|
Purchase Price
$1636k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$343k
Downpayment
20%
$327k
Closing costs
1%
$16,356
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,316
Total Expenses
$13,359
Mortgage P&I
122%
$8,933
Property Taxes
22%
$1,573
Home Insurance
8%
$560
HOA
5%
$390
Property Management
10%
$732
CapEx
5%
$366
Vacancy
6%
$439
Maintenance
5%
$366
Other
0%
$0