This property looks like a bad Long-Term investment with a projected -30% first-year return on $945k initial cash invested.
-30%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$4,541
Rent
-$23,622
Cashflow
Cash Flow
$4,541 income − $28,163 expenses = $23,622 out of pocket
Investment Breakdown
|
Purchase Price
$4500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$945k
Downpayment
20%
$900k
Closing costs
1%
$45,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,541
Total Expenses
$28,163
Mortgage P&I
532%
$24,140
Property Taxes
28%
$1,268
Home Insurance
35%
$1,575
HOA
0%
$0
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0