This property looks like a bad Long-Term investment with a projected -27.13% first-year return on $656k initial cash invested.
-27.13%
Cash On Cash
1.03%
Cap Rate
0.16
DSCR
$8,781
Rent
-$14,834
Cashflow
Cash Flow
$8,781 income − $23,615 expenses = $14,834 out of pocket
Investment Breakdown
|
Purchase Price
$3125k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$656k
Downpayment
20%
$625k
Closing costs
1%
$31,247
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,781
Total Expenses
$23,615
Mortgage P&I
194%
$17,066
Property Taxes
36%
$3,146
Home Insurance
13%
$1,120
HOA
0%
$0
Property Management
10%
$878
CapEx
5%
$439
Vacancy
6%
$527
Maintenance
5%
$439
Other
0%
$0