This property looks like a bad Long-Term investment with a projected -29.76% first-year return on $1113k initial cash invested.
-29.76%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$4,064
Rent
-$27,601
Cashflow
Cash Flow
$4,064 income − $31,665 expenses = $27,601 out of pocket
Investment Breakdown
|
Purchase Price
$5300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$1113k
Downpayment
20%
$1060k
Closing costs
1%
$53,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,064
Total Expenses
$31,665
Mortgage P&I
687%
$27,905
Property Taxes
21%
$849
Home Insurance
46%
$1,855
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0