This property looks like a bad Long-Term investment with a projected -30.27% first-year return on $629k initial cash invested.
-30.27%
Cash On Cash
0.55%
Cap Rate
0.08
DSCR
$5,861
Rent
-$15,866
Cashflow
Cash Flow
$5,861 income − $21,727 expenses = $15,866 out of pocket
Investment Breakdown
|
Purchase Price
$2995k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$629k
Downpayment
20%
$599k
Closing costs
1%
$29,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,861
Total Expenses
$21,727
Mortgage P&I
289%
$16,957
Property Taxes
22%
$1,298
Home Insurance
18%
$1,048
HOA
15%
$900
Property Management
10%
$586
CapEx
5%
$293
Vacancy
6%
$352
Maintenance
5%
$293
Other
0%
$0