This property looks like a bad Long-Term investment with a projected -31.38% first-year return on $5930k initial cash invested.
-31.38%
Cash On Cash
-0.5%
Cap Rate
-0.08
DSCR
$7,913
Rent
-$155,084
Cashflow
Cash Flow
$7,913 income − $162,997 expenses = $155,084 out of pocket
Investment Breakdown
|
Purchase Price
$28236k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$5930k
Downpayment
20%
$5647k
Closing costs
1%
$282k
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,913
Total Expenses
$163k
Mortgage P&I
1806%
$143k
Property Taxes
95%
$7,542
Home Insurance
133%
$10,500
HOA
0%
$0
Property Management
10%
$791
CapEx
5%
$396
Vacancy
6%
$475
Maintenance
5%
$396
Other
0%
$0