This property looks like a bad Long-Term investment with a projected -26.99% first-year return on $560k initial cash invested.
-26.99%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$6,824
Rent
-$12,585
Cashflow
Cash Flow
$6,824 income − $19,409 expenses = $12,585 out of pocket
Investment Breakdown
|
Purchase Price
$2665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$560k
Downpayment
20%
$533k
Closing costs
1%
$26,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,824
Total Expenses
$19,409
Mortgage P&I
213%
$14,559
Property Taxes
32%
$2,204
Home Insurance
13%
$873
HOA
0%
$0
Property Management
10%
$682
CapEx
5%
$341
Vacancy
6%
$409
Maintenance
5%
$341
Other
0%
$0