This property looks like a bad Long-Term investment with a projected -34.63% first-year return on $1418k initial cash invested.
-34.63%
Cash On Cash
-1.22%
Cap Rate
-0.2
DSCR
$7,499
Rent
-$40,908
Cashflow
Cash Flow
$7,499 income − $48,407 expenses = $40,908 out of pocket
Investment Breakdown
|
Purchase Price
$6750k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1418k
Downpayment
20%
$1350k
Closing costs
1%
$67,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,499
Total Expenses
$48,407
Mortgage P&I
449%
$33,689
Property Taxes
139%
$10,406
Home Insurance
32%
$2,362
HOA
0%
$0
Property Management
10%
$750
CapEx
5%
$375
Vacancy
6%
$450
Maintenance
5%
$375
Other
0%
$0