This property looks like a bad Long-Term investment with a projected -24.21% first-year return on $547k initial cash invested.
-24.21%
Cash On Cash
1.01%
Cap Rate
0.17
DSCR
$4,676
Rent
-$11,039
Cashflow
Cash Flow
$4,676 income − $15,715 expenses = $11,039 out of pocket
Investment Breakdown
|
Purchase Price
$2606k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$547k
Downpayment
20%
$521k
Closing costs
1%
$26,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,676
Total Expenses
$15,715
Mortgage P&I
278%
$13,005
Property Taxes
10%
$478
Home Insurance
22%
$1,015
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0