This property looks like a bad Long-Term investment with a projected -21.92% first-year return on $326k initial cash invested.
-21.92%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$5,241
Rent
-$5,946
Cashflow
Cash Flow
$5,241 income − $11,187 expenses = $5,946 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$326k
Downpayment
20%
$310k
Closing costs
1%
$15,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,241
Total Expenses
$11,187
Mortgage P&I
164%
$8,595
Property Taxes
7%
$388
Home Insurance
10%
$542
HOA
6%
$300
Property Management
10%
$524
CapEx
5%
$262
Vacancy
6%
$314
Maintenance
5%
$262
Other
0%
$0