This property looks like a bad Long-Term investment with a projected -29.7% first-year return on $651k initial cash invested.
-29.7%
Cash On Cash
-0.09%
Cap Rate
-0.02
DSCR
$2,902
Rent
-$16,111
Cashflow
Cash Flow
$2,902 income − $19,013 expenses = $16,111 out of pocket
Investment Breakdown
|
Purchase Price
$3100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$651k
Downpayment
20%
$620k
Closing costs
1%
$31,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$19,013
Mortgage P&I
542%
$15,726
Property Taxes
50%
$1,448
Home Insurance
37%
$1,085
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0