This property looks like a bad Long-Term investment with a projected -27.93% first-year return on $790k initial cash invested.
-27.93%
Cash On Cash
0.55%
Cap Rate
0.09
DSCR
$7,962
Rent
-$18,392
Cashflow
Cash Flow
$7,962 income − $26,354 expenses = $18,392 out of pocket
Investment Breakdown
|
Purchase Price
$3763k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$790k
Downpayment
20%
$753k
Closing costs
1%
$37,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,962
Total Expenses
$26,354
Mortgage P&I
248%
$19,708
Property Taxes
31%
$2,478
Home Insurance
26%
$2,098
HOA
0%
$0
Property Management
10%
$796
CapEx
5%
$398
Vacancy
6%
$478
Maintenance
5%
$398
Other
0%
$0