This property looks like a bad Long-Term investment with a projected -25.17% first-year return on $620k initial cash invested.
-25.17%
Cash On Cash
0.85%
Cap Rate
0.14
DSCR
$5,320
Rent
-$12,995
Cashflow
Cash Flow
$5,320 income − $18,315 expenses = $12,995 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.4%
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
$5,320
Total Expenses
$18,315
Mortgage P&I
278%
$14,810
Property Taxes
20%
$1,090
Home Insurance
19%
$1,032
HOA
0%
$0
Property Management
10%
$532
CapEx
5%
$266
Vacancy
6%
$319
Maintenance
5%
$266
Other
0%
$0