This property looks like a bad Long-Term investment with a projected -27.35% first-year return on $636k initial cash invested.
-27.35%
Cash On Cash
0.42%
Cap Rate
0.07
DSCR
$5,068
Rent
-$14,486
Cashflow
Cash Flow
$5,068 income − $19,554 expenses = $14,486 out of pocket
Investment Breakdown
|
Purchase Price
$3027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$636k
Downpayment
20%
$605k
Closing costs
1%
$30,266
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,068
Total Expenses
$19,554
Mortgage P&I
302%
$15,304
Property Taxes
37%
$1,874
Home Insurance
21%
$1,059
HOA
0%
$0
Property Management
10%
$507
CapEx
5%
$253
Vacancy
6%
$304
Maintenance
5%
$253
Other
0%
$0