This property looks like a bad Long-Term investment with a projected -28.82% first-year return on $551k initial cash invested.
-28.82%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$6,161
Rent
-$13,233
Cashflow
Cash Flow
$6,161 income − $19,394 expenses = $13,233 out of pocket
Investment Breakdown
|
Purchase Price
$2624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$551k
Downpayment
20%
$525k
Closing costs
1%
$26,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,161
Total Expenses
$19,394
Mortgage P&I
233%
$14,352
Property Taxes
40%
$2,470
Home Insurance
16%
$970
HOA
0%
$0
Property Management
10%
$616
CapEx
5%
$308
Vacancy
6%
$370
Maintenance
5%
$308
Other
0%
$0