This property looks like a bad Long-Term investment with a projected -30.5% first-year return on $735k initial cash invested.
-30.5%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$3,645
Rent
-$18,680
Cashflow
Cash Flow
$3,645 income − $22,325 expenses = $18,680 out of pocket
Investment Breakdown
|
Purchase Price
$3500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$735k
Downpayment
20%
$700k
Closing costs
1%
$35,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,645
Total Expenses
$22,325
Mortgage P&I
516%
$18,798
Property Taxes
37%
$1,355
Home Insurance
34%
$1,225
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0