This property looks like a bad Long-Term investment with a projected -29.87% first-year return on $734k initial cash invested.
-29.87%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$7,169
Rent
-$18,268
Cashflow
Cash Flow
$7,169 income − $25,437 expenses = $18,268 out of pocket
Investment Breakdown
|
Purchase Price
$3495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$734k
Downpayment
20%
$699k
Closing costs
1%
$34,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,169
Total Expenses
$25,437
Mortgage P&I
266%
$19,089
Property Taxes
46%
$3,262
Home Insurance
17%
$1,223
HOA
0%
$0
Property Management
10%
$717
CapEx
5%
$358
Vacancy
6%
$430
Maintenance
5%
$358
Other
0%
$0