This property looks like a bad Long-Term investment with a projected -29.98% first-year return on $608k initial cash invested.
-29.98%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$4,239
Rent
-$15,191
Cashflow
Cash Flow
$4,239 income − $19,430 expenses = $15,191 out of pocket
Investment Breakdown
|
Purchase Price
$2895k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$608k
Downpayment
20%
$579k
Closing costs
1%
$28,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,239
Total Expenses
$19,430
Mortgage P&I
365%
$15,454
Property Taxes
44%
$1,861
Home Insurance
24%
$1,013
HOA
0%
$0
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$254
Maintenance
5%
$212
Other
0%
$0