This property looks like a bad Mid-Term investment with a projected -25.7% first-year return on $528k initial cash invested.
-25.7%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$8,392
Rent
-$11,307
Cashflow
Cash Flow
$8,392 income − $19,699 expenses = $11,307 out of pocket
Investment Breakdown
|
Purchase Price
$2429k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$528k
Downpayment
20%
$486k
Closing costs
1%
$24,287
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,392
Total Expenses
$19,699
Mortgage P&I
161%
$13,498
Property Taxes
29%
$2,474
Home Insurance
10%
$873
HOA
0%
$0
Property Management
12%
$1,007
CapEx
4%
$336
Vacancy
3%
$252
Maintenance
4%
$336
Other
11%
$923