This property looks like a bad Long-Term investment with a projected -29.3% first-year return on $1345k initial cash invested.
-29.3%
Cash On Cash
-0.15%
Cap Rate
-0.02
DSCR
$4,897
Rent
-$32,849
Cashflow
Cash Flow
$4,897 income − $37,746 expenses = $32,849 out of pocket
Investment Breakdown
|
Purchase Price
$6407k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$1345k
Downpayment
20%
$1281k
Closing costs
1%
$64,066
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,897
Total Expenses
$37,746
Mortgage P&I
650%
$31,818
Property Taxes
30%
$1,458
Home Insurance
49%
$2,415
HOA
16%
$781
Property Management
10%
$490
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0