This property looks like a bad Long-Term investment with a projected -30.22% first-year return on $566k initial cash invested.
-30.22%
Cash On Cash
0.34%
Cap Rate
0.05
DSCR
$5,516
Rent
-$14,253
Cashflow
Cash Flow
$5,516 income − $19,769 expenses = $14,253 out of pocket
Investment Breakdown
|
Purchase Price
$2695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$566k
Downpayment
20%
$539k
Closing costs
1%
$26,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,516
Total Expenses
$19,769
Mortgage P&I
267%
$14,741
Property Taxes
48%
$2,650
Home Insurance
17%
$943
HOA
0%
$0
Property Management
10%
$552
CapEx
5%
$276
Vacancy
6%
$331
Maintenance
5%
$276
Other
0%
$0