This property looks like a bad Long-Term investment with a projected -27.22% first-year return on $594k initial cash invested.
-27.22%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$5,662
Rent
-$13,476
Cashflow
Cash Flow
$5,662 income − $19,138 expenses = $13,476 out of pocket
Investment Breakdown
|
Purchase Price
$2830k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$594k
Downpayment
20%
$566k
Closing costs
1%
$28,295
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,662
Total Expenses
$19,138
Mortgage P&I
252%
$14,244
Property Taxes
42%
$2,374
Home Insurance
19%
$1,048
HOA
0%
$0
Property Management
10%
$566
CapEx
5%
$283
Vacancy
6%
$340
Maintenance
5%
$283
Other
0%
$0