This property looks like a bad Long-Term investment with a projected -26.84% first-year return on $576k initial cash invested.
-26.84%
Cash On Cash
1.15%
Cap Rate
0.17
DSCR
$7,920
Rent
-$12,873
Cashflow
Cash Flow
$7,920 income − $20,793 expenses = $12,873 out of pocket
Investment Breakdown
|
Purchase Price
$2741k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$576k
Downpayment
20%
$548k
Closing costs
1%
$27,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,920
Total Expenses
$20,793
Mortgage P&I
191%
$15,108
Property Taxes
33%
$2,637
Home Insurance
12%
$989
HOA
0%
$0
Property Management
10%
$792
CapEx
5%
$396
Vacancy
6%
$475
Maintenance
5%
$396
Other
0%
$0