This property looks like a bad Long-Term investment with a projected -31.18% first-year return on $882k initial cash invested.
-31.18%
Cash On Cash
0.09%
Cap Rate
0.01
DSCR
$7,496
Rent
-$22,914
Cashflow
Cash Flow
$7,496 income − $30,410 expenses = $22,914 out of pocket
Investment Breakdown
|
Purchase Price
$4199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$882k
Downpayment
20%
$840k
Closing costs
1%
$41,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,496
Total Expenses
$30,410
Mortgage P&I
305%
$22,861
Property Taxes
55%
$4,129
Home Insurance
20%
$1,470
HOA
0%
$0
Property Management
10%
$750
CapEx
5%
$375
Vacancy
6%
$450
Maintenance
5%
$375
Other
0%
$0