This property looks like a bad Long-Term investment with a projected -29.77% first-year return on $809k initial cash invested.
-29.77%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$4,374
Rent
-$20,056
Cashflow
Cash Flow
$4,374 income − $24,430 expenses = $20,056 out of pocket
Investment Breakdown
|
Purchase Price
$3850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$809k
Downpayment
20%
$770k
Closing costs
1%
$38,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,374
Total Expenses
$24,430
Mortgage P&I
486%
$21,269
Property Taxes
15%
$676
Home Insurance
31%
$1,348
HOA
0%
$0
Property Management
10%
$437
CapEx
5%
$219
Vacancy
6%
$262
Maintenance
5%
$219
Other
0%
$0