This property looks like a bad Mid-Term investment with a projected -16.5% first-year return on $511k initial cash invested.
-16.5%
Cash On Cash
3.45%
Cap Rate
0.51
DSCR
$11,979
Rent
-$7,027
Cashflow
Cash Flow
$11,979 income − $19,006 expenses = $7,027 out of pocket
Investment Breakdown
|
Purchase Price
$2348k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$511k
Downpayment
20%
$470k
Closing costs
1%
$23,480
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,979
Total Expenses
$19,006
Mortgage P&I
111%
$13,295
Property Taxes
7%
$817
Home Insurance
7%
$822
HOA
0%
$0
Property Management
12%
$1,437
CapEx
4%
$479
Vacancy
3%
$359
Maintenance
4%
$479
Other
11%
$1,318