This property looks like a bad Long-Term investment with a projected -29.49% first-year return on $636k initial cash invested.
-29.49%
Cash On Cash
0.54%
Cap Rate
0.08
DSCR
$6,953
Rent
-$15,640
Cashflow
Cash Flow
$6,953 income − $22,593 expenses = $15,640 out of pocket
Investment Breakdown
|
Purchase Price
$3031k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$636k
Downpayment
20%
$606k
Closing costs
1%
$30,306
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,953
Total Expenses
$22,593
Mortgage P&I
240%
$16,668
Property Taxes
43%
$2,979
Home Insurance
16%
$1,138
HOA
0%
$0
Property Management
10%
$695
CapEx
5%
$348
Vacancy
6%
$417
Maintenance
5%
$348
Other
0%
$0