This property looks like a bad Mid-Term investment with a projected -23.94% first-year return on $648k initial cash invested.
-23.94%
Cash On Cash
1.62%
Cap Rate
0.24
DSCR
$9,258
Rent
-$12,927
Cashflow
Cash Flow
$9,258 income − $22,185 expenses = $12,927 out of pocket
Investment Breakdown
|
Purchase Price
$3000k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$30,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,258
Total Expenses
$22,185
Mortgage P&I
179%
$16,614
Property Taxes
11%
$1,045
Home Insurance
11%
$1,050
HOA
4%
$329
Property Management
12%
$1,111
CapEx
4%
$370
Vacancy
3%
$278
Maintenance
4%
$370
Other
11%
$1,018