This property looks like a bad Long-Term investment with a projected -29% first-year return on $1575k initial cash invested.
-29%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$6,469
Rent
-$38,059
Cashflow
Cash Flow
$6,469 income − $44,528 expenses = $38,059 out of pocket
Investment Breakdown
|
Purchase Price
$7500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$1575k
Downpayment
20%
$1500k
Closing costs
1%
$75,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,469
Total Expenses
$44,528
Mortgage P&I
602%
$38,916
Property Taxes
20%
$1,306
Home Insurance
41%
$2,625
HOA
0%
$0
Property Management
10%
$647
CapEx
5%
$323
Vacancy
6%
$388
Maintenance
5%
$323
Other
0%
$0