This property looks like a bad Long-Term investment with a projected -26.79% first-year return on $337k initial cash invested.
-26.79%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$3,179
Rent
-$7,524
Cashflow
Cash Flow
$3,179 income − $10,703 expenses = $7,524 out of pocket
Investment Breakdown
|
Purchase Price
$1605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$337k
Downpayment
20%
$321k
Closing costs
1%
$16,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,179
Total Expenses
$10,703
Mortgage P&I
275%
$8,732
Property Taxes
17%
$532
Home Insurance
19%
$612
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0