This property looks like a bad Long-Term investment with a projected -28.58% first-year return on $620k initial cash invested.
-28.58%
Cash On Cash
0.9%
Cap Rate
0.13
DSCR
$8,250
Rent
-$14,755
Cashflow
Cash Flow
$8,250 income − $23,005 expenses = $14,755 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$620k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,250
Total Expenses
$23,005
Mortgage P&I
201%
$16,548
Property Taxes
32%
$2,606
Home Insurance
13%
$1,032
HOA
8%
$675
Property Management
10%
$825
CapEx
5%
$412
Vacancy
6%
$495
Maintenance
5%
$412
Other
0%
$0