This property looks like a bad Long-Term investment with a projected -28.66% first-year return on $1040k initial cash invested.
-28.66%
Cash On Cash
0.15%
Cap Rate
0.02
DSCR
$4,646
Rent
-$24,831
Cashflow
Cash Flow
$4,646 income − $29,477 expenses = $24,831 out of pocket
Investment Breakdown
|
Purchase Price
$4950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$1040k
Downpayment
20%
$990k
Closing costs
1%
$49,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,646
Total Expenses
$29,477
Mortgage P&I
543%
$25,215
Property Taxes
28%
$1,322
Home Insurance
37%
$1,732
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0