This property looks like a bad Long-Term investment with a projected -28.51% first-year return on $534k initial cash invested.
-28.51%
Cash On Cash
0.87%
Cap Rate
0.13
DSCR
$7,726
Rent
-$12,693
Cashflow
Cash Flow
$7,726 income − $20,419 expenses = $12,693 out of pocket
Investment Breakdown
|
Purchase Price
$2544k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$534k
Downpayment
20%
$509k
Closing costs
1%
$25,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,726
Total Expenses
$20,419
Mortgage P&I
183%
$14,146
Property Taxes
29%
$2,211
Home Insurance
15%
$1,146
HOA
12%
$907
Property Management
10%
$773
CapEx
5%
$386
Vacancy
6%
$464
Maintenance
5%
$386
Other
0%
$0