This property looks like a bad Long-Term investment with a projected -30.05% first-year return on $903k initial cash invested.
-30.05%
Cash On Cash
0.34%
Cap Rate
0.05
DSCR
$4,033
Rent
-$22,605
Cashflow
Cash Flow
$4,033 income − $26,638 expenses = $22,605 out of pocket
Investment Breakdown
|
Purchase Price
$4299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$903k
Downpayment
20%
$860k
Closing costs
1%
$42,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,033
Total Expenses
$26,638
Mortgage P&I
585%
$23,606
Property Taxes
12%
$478
Home Insurance
37%
$1,505
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0