This property looks like a bad Long-Term investment with a projected -29.86% first-year return on $693k initial cash invested.
-29.86%
Cash On Cash
0.46%
Cap Rate
0.07
DSCR
$5,045
Rent
-$17,252
Cashflow
Cash Flow
$5,045 income − $22,297 expenses = $17,252 out of pocket
Investment Breakdown
|
Purchase Price
$3301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$693k
Downpayment
20%
$660k
Closing costs
1%
$33,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,045
Total Expenses
$22,297
Mortgage P&I
362%
$18,268
Property Taxes
26%
$1,310
Home Insurance
24%
$1,225
HOA
4%
$183
Property Management
10%
$504
CapEx
5%
$252
Vacancy
6%
$303
Maintenance
5%
$252
Other
0%
$0