This property looks like a bad Long-Term investment with a projected -33.38% first-year return on $1649k initial cash invested.
-33.38%
Cash On Cash
-0.32%
Cap Rate
-0.05
DSCR
$2,557
Rent
-$45,860
Cashflow
Cash Flow
$2,557 income − $48,417 expenses = $45,860 out of pocket
Investment Breakdown
|
Purchase Price
$7850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1649k
Downpayment
20%
$1570k
Closing costs
1%
$78,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$48,417
Mortgage P&I
1706%
$43,619
Property Taxes
54%
$1,385
Home Insurance
107%
$2,748
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0