This property looks like a bad Long-Term investment with a projected -27.31% first-year return on $557k initial cash invested.
-27.31%
Cash On Cash
0.7%
Cap Rate
0.11
DSCR
$3,361
Rent
-$12,666
Cashflow
Cash Flow
$3,361 income − $16,027 expenses = $12,666 out of pocket
Investment Breakdown
|
Purchase Price
$2650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$557k
Downpayment
20%
$530k
Closing costs
1%
$26,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,361
Total Expenses
$16,027
Mortgage P&I
418%
$14,039
Property Taxes
6%
$186
Home Insurance
28%
$928
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0