This property looks like a bad Long-Term investment with a projected -27.5% first-year return on $830k initial cash invested.
-27.5%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$4,914
Rent
-$19,011
Cashflow
Cash Flow
$4,914 income − $23,925 expenses = $19,011 out of pocket
Investment Breakdown
|
Purchase Price
$3950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$830k
Downpayment
20%
$790k
Closing costs
1%
$39,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,914
Total Expenses
$23,925
Mortgage P&I
408%
$20,057
Property Taxes
25%
$1,208
Home Insurance
28%
$1,382
HOA
0%
$0
Property Management
10%
$491
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0