This property looks like a bad Long-Term investment with a projected -31.63% first-year return on $627k initial cash invested.
-31.63%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$5,335
Rent
-$16,541
Cashflow
Cash Flow
$5,335 income − $21,876 expenses = $16,541 out of pocket
Investment Breakdown
|
Purchase Price
$2988k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$598k
Closing costs
1%
$29,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,335
Total Expenses
$21,876
Mortgage P&I
309%
$16,479
Property Taxes
56%
$2,963
Home Insurance
20%
$1,046
HOA
0%
$0
Property Management
10%
$534
CapEx
5%
$267
Vacancy
6%
$320
Maintenance
5%
$267
Other
0%
$0