This property looks like a bad Mid-Term investment with a projected -15.26% first-year return on $499k initial cash invested.
-15.26%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$13,166
Rent
-$6,345
Cashflow
Cash Flow
$13,166 income − $19,511 expenses = $6,345 out of pocket
Investment Breakdown
|
Purchase Price
$2290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$499k
Downpayment
20%
$458k
Closing costs
1%
$22,901
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,166
Total Expenses
$19,511
Mortgage P&I
95%
$12,527
Property Taxes
14%
$1,849
Home Insurance
5%
$658
HOA
0%
$0
Property Management
12%
$1,580
CapEx
4%
$527
Vacancy
3%
$395
Maintenance
4%
$527
Other
11%
$1,448