This property looks like a bad Long-Term investment with a projected -26.27% first-year return on $750k initial cash invested.
-26.27%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$7,460
Rent
-$16,429
Cashflow
Cash Flow
$7,460 income − $23,889 expenses = $16,429 out of pocket
Investment Breakdown
|
Purchase Price
$3573k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$750k
Downpayment
20%
$715k
Closing costs
1%
$35,734
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,460
Total Expenses
$23,889
Mortgage P&I
242%
$18,062
Property Taxes
35%
$2,593
Home Insurance
17%
$1,294
HOA
0%
$0
Property Management
10%
$746
CapEx
5%
$373
Vacancy
6%
$448
Maintenance
5%
$373
Other
0%
$0