This property looks like a bad Long-Term investment with a projected -29.03% first-year return on $557k initial cash invested.
-29.03%
Cash On Cash
0.23%
Cap Rate
0.04
DSCR
$2,889
Rent
-$13,464
Cashflow
Cash Flow
$2,889 income − $16,353 expenses = $13,464 out of pocket
Investment Breakdown
|
Purchase Price
$2650k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$557k
Downpayment
20%
$530k
Closing costs
1%
$26,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$16,353
Mortgage P&I
479%
$13,831
Property Taxes
29%
$844
Home Insurance
32%
$928
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0