This property looks like a bad Long-Term investment with a projected -36% first-year return on $1889k initial cash invested.
-36%
Cash On Cash
-1.44%
Cap Rate
-0.24
DSCR
$7,883
Rent
-$56,665
Cashflow
Cash Flow
$7,883 income − $64,548 expenses = $56,665 out of pocket
Investment Breakdown
|
Purchase Price
$8995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$1889k
Downpayment
20%
$1799k
Closing costs
1%
$89,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,883
Total Expenses
$64,548
Mortgage P&I
577%
$45,484
Property Taxes
176%
$13,867
Home Insurance
40%
$3,148
HOA
0%
$0
Property Management
10%
$788
CapEx
5%
$394
Vacancy
6%
$473
Maintenance
5%
$394
Other
0%
$0