This property looks like a bad Long-Term investment with a projected -34.79% first-year return on $629k initial cash invested.
-34.79%
Cash On Cash
-0.68%
Cap Rate
-0.1
DSCR
$5,010
Rent
-$18,246
Cashflow
Cash Flow
$5,010 income − $23,256 expenses = $18,246 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$629k
Downpayment
20%
$599k
Closing costs
1%
$29,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,010
Total Expenses
$23,256
Mortgage P&I
325%
$16,289
Property Taxes
92%
$4,617
Home Insurance
21%
$1,048
HOA
0%
$0
Property Management
10%
$501
CapEx
5%
$250
Vacancy
6%
$301
Maintenance
5%
$250
Other
0%
$0