This property looks like a bad Long-Term investment with a projected -27.3% first-year return on $544k initial cash invested.
-27.3%
Cash On Cash
0.95%
Cap Rate
0.15
DSCR
$6,637
Rent
-$12,376
Cashflow
Cash Flow
$6,637 income − $19,013 expenses = $12,376 out of pocket
Investment Breakdown
|
Purchase Price
$2590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$544k
Downpayment
20%
$518k
Closing costs
1%
$25,903
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,637
Total Expenses
$19,013
Mortgage P&I
212%
$14,103
Property Taxes
33%
$2,191
Home Insurance
13%
$868
HOA
2%
$125
Property Management
10%
$664
CapEx
5%
$332
Vacancy
6%
$398
Maintenance
5%
$332
Other
0%
$0