This property looks like a bad Long-Term investment with a projected -35.56% first-year return on $800k initial cash invested.
-35.56%
Cash On Cash
-0.56%
Cap Rate
-0.08
DSCR
$7,217
Rent
-$23,702
Cashflow
Cash Flow
$7,217 income − $30,919 expenses = $23,702 out of pocket
Investment Breakdown
|
Purchase Price
$3809k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$800k
Downpayment
20%
$762k
Closing costs
1%
$38,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,217
Total Expenses
$30,919
Mortgage P&I
299%
$21,570
Property Taxes
84%
$6,090
Home Insurance
19%
$1,382
HOA
0%
$0
Property Management
10%
$722
CapEx
5%
$361
Vacancy
6%
$433
Maintenance
5%
$361
Other
0%
$0