This property looks like a bad Long-Term investment with a projected -27.56% first-year return on $630k initial cash invested.
-27.56%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$6,172
Rent
-$14,471
Cashflow
Cash Flow
$6,172 income − $20,643 expenses = $14,471 out of pocket
Investment Breakdown
|
Purchase Price
$3000k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$630k
Downpayment
20%
$600k
Closing costs
1%
$30,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,172
Total Expenses
$20,643
Mortgage P&I
269%
$16,614
Property Taxes
17%
$1,045
Home Insurance
17%
$1,050
HOA
5%
$329
Property Management
10%
$617
CapEx
5%
$309
Vacancy
6%
$370
Maintenance
5%
$309
Other
0%
$0