This property looks like a bad Long-Term investment with a projected -29.43% first-year return on $624k initial cash invested.
-29.43%
Cash On Cash
0.07%
Cap Rate
0.01
DSCR
$7,636
Rent
-$15,308
Cashflow
Cash Flow
$7,636 income − $22,944 expenses = $15,308 out of pocket
Investment Breakdown
|
Purchase Price
$2973k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$624k
Downpayment
20%
$595k
Closing costs
1%
$29,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,636
Total Expenses
$22,944
Mortgage P&I
198%
$15,094
Property Taxes
63%
$4,779
Home Insurance
14%
$1,085
HOA
0%
$0
Property Management
10%
$764
CapEx
5%
$382
Vacancy
6%
$458
Maintenance
5%
$382
Other
0%
$0