This property looks like a bad Long-Term investment with a projected -31.91% first-year return on $662k initial cash invested.
-31.91%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$8,057
Rent
-$17,616
Cashflow
Cash Flow
$8,057 income − $25,673 expenses = $17,616 out of pocket
Investment Breakdown
|
Purchase Price
$3155k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$662k
Downpayment
20%
$631k
Closing costs
1%
$31,546
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,057
Total Expenses
$25,673
Mortgage P&I
216%
$17,430
Property Taxes
62%
$5,010
Home Insurance
14%
$1,138
HOA
0%
$0
Property Management
10%
$806
CapEx
5%
$403
Vacancy
6%
$483
Maintenance
5%
$403
Other
0%
$0