This property looks like a bad Long-Term investment with a projected -30.65% first-year return on $567k initial cash invested.
-30.65%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$5,281
Rent
-$14,470
Cashflow
Cash Flow
$5,281 income − $19,751 expenses = $14,470 out of pocket
Investment Breakdown
|
Purchase Price
$2698k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$567k
Downpayment
20%
$540k
Closing costs
1%
$26,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,281
Total Expenses
$19,751
Mortgage P&I
279%
$14,758
Property Taxes
51%
$2,676
Home Insurance
18%
$944
HOA
0%
$0
Property Management
10%
$528
CapEx
5%
$264
Vacancy
6%
$317
Maintenance
5%
$264
Other
0%
$0