This property looks like a bad Long-Term investment with a projected -27.66% first-year return on $629k initial cash invested.
-27.66%
Cash On Cash
0.73%
Cap Rate
0.11
DSCR
$4,934
Rent
-$14,509
Cashflow
Cash Flow
$4,934 income − $19,443 expenses = $14,509 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$629k
Downpayment
20%
$599k
Closing costs
1%
$29,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,934
Total Expenses
$19,443
Mortgage P&I
326%
$16,093
Property Taxes
21%
$1,018
Home Insurance
21%
$1,049
HOA
0%
$0
Property Management
10%
$493
CapEx
5%
$247
Vacancy
6%
$296
Maintenance
5%
$247
Other
0%
$0