This property looks like a bad Long-Term investment with a projected -31.8% first-year return on $907k initial cash invested.
-31.8%
Cash On Cash
-0.16%
Cap Rate
-0.02
DSCR
$3,956
Rent
-$24,035
Cashflow
Cash Flow
$3,956 income − $27,991 expenses = $24,035 out of pocket
Investment Breakdown
|
Purchase Price
$4318k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$907k
Downpayment
20%
$864k
Closing costs
1%
$43,183
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,956
Total Expenses
$27,991
Mortgage P&I
588%
$23,275
Property Taxes
53%
$2,077
Home Insurance
41%
$1,610
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$237
Maintenance
5%
$198
Other
0%
$0