This property looks like a bad Long-Term investment with a projected -26.44% first-year return on $648k initial cash invested.
-26.44%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$7,822
Rent
-$14,284
Cashflow
Cash Flow
$7,822 income − $22,106 expenses = $14,284 out of pocket
Investment Breakdown
|
Purchase Price
$3087k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$617k
Closing costs
1%
$30,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,822
Total Expenses
$22,106
Mortgage P&I
202%
$15,813
Property Taxes
40%
$3,142
Home Insurance
14%
$1,118
HOA
0%
$0
Property Management
10%
$782
CapEx
5%
$391
Vacancy
6%
$469
Maintenance
5%
$391
Other
0%
$0