This property looks like a bad Long-Term investment with a projected -26.62% first-year return on $514k initial cash invested.
-26.62%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$5,903
Rent
-$11,398
Cashflow
Cash Flow
$5,903 income − $17,301 expenses = $11,398 out of pocket
Investment Breakdown
|
Purchase Price
$2447k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$514k
Downpayment
20%
$489k
Closing costs
1%
$24,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,903
Total Expenses
$17,301
Mortgage P&I
213%
$12,545
Property Taxes
39%
$2,314
Home Insurance
15%
$908
HOA
0%
$0
Property Management
10%
$590
CapEx
5%
$295
Vacancy
6%
$354
Maintenance
5%
$295
Other
0%
$0