This property looks like a bad Long-Term investment with a projected -26.23% first-year return on $693k initial cash invested.
-26.23%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$6,087
Rent
-$15,146
Cashflow
Cash Flow
$6,087 income − $21,233 expenses = $15,146 out of pocket
Investment Breakdown
|
Purchase Price
$3300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$693k
Downpayment
20%
$660k
Closing costs
1%
$33,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,087
Total Expenses
$21,233
Mortgage P&I
294%
$17,913
Property Taxes
5%
$333
Home Insurance
19%
$1,155
HOA
4%
$250
Property Management
10%
$609
CapEx
5%
$304
Vacancy
6%
$365
Maintenance
5%
$304
Other
0%
$0