This property looks like a bad Mid-Term investment with a projected -24.27% first-year return on $654k initial cash invested.
-24.27%
Cash On Cash
0.95%
Cap Rate
0.16
DSCR
$7,602
Rent
-$13,219
Cashflow
Cash Flow
$7,602 income − $20,821 expenses = $13,219 out of pocket
Investment Breakdown
|
Purchase Price
$3027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$654k
Downpayment
20%
$605k
Closing costs
1%
$30,266
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,602
Total Expenses
$20,821
Mortgage P&I
201%
$15,304
Property Taxes
25%
$1,874
Home Insurance
14%
$1,059
HOA
0%
$0
Property Management
12%
$912
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$836