This property looks like a bad Long-Term investment with a projected -31.54% first-year return on $575k initial cash invested.
-31.54%
Cash On Cash
0.15%
Cap Rate
0.02
DSCR
$3,781
Rent
-$15,103
Cashflow
Cash Flow
$3,781 income − $18,884 expenses = $15,103 out of pocket
Investment Breakdown
|
Purchase Price
$2737k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$575k
Downpayment
20%
$547k
Closing costs
1%
$27,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,781
Total Expenses
$18,884
Mortgage P&I
404%
$15,267
Property Taxes
43%
$1,640
Home Insurance
26%
$994
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0