This property looks like a bad Long-Term investment with a projected -27.93% first-year return on $544k initial cash invested.
-27.93%
Cash On Cash
0.16%
Cap Rate
0.03
DSCR
$2,403
Rent
-$12,658
Cashflow
Cash Flow
$2,403 income − $15,061 expenses = $12,658 out of pocket
Investment Breakdown
|
Purchase Price
$2590k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$544k
Downpayment
20%
$518k
Closing costs
1%
$25,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,403
Total Expenses
$15,061
Mortgage P&I
536%
$12,885
Property Taxes
27%
$646
Home Insurance
38%
$906
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0