This property looks like a bad Long-Term investment with a projected -38.6% first-year return on $5249k initial cash invested.
-38.6%
Cash On Cash
-2.02%
Cap Rate
-0.33
DSCR
$6,548
Rent
-$168,824
Cashflow
Cash Flow
$6,548 income − $175,372 expenses = $168,824 out of pocket
Investment Breakdown
|
Purchase Price
$24995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$5249k
Downpayment
20%
$4999k
Closing costs
1%
$250k
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,548
Total Expenses
$175k
Mortgage P&I
1930%
$126k
Property Taxes
588%
$38,534
Home Insurance
134%
$8,748
HOA
0%
$0
Property Management
10%
$655
CapEx
5%
$327
Vacancy
6%
$393
Maintenance
5%
$327
Other
0%
$0