This property looks like a bad Mid-Term investment with a projected -26.29% first-year return on $752k initial cash invested.
-26.29%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$10,754
Rent
-$16,476
Cashflow
Cash Flow
$10,754 income − $27,230 expenses = $16,476 out of pocket
Investment Breakdown
|
Purchase Price
$3495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$752k
Downpayment
20%
$699k
Closing costs
1%
$34,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,754
Total Expenses
$27,230
Mortgage P&I
178%
$19,089
Property Taxes
30%
$3,262
Home Insurance
11%
$1,223
HOA
0%
$0
Property Management
12%
$1,290
CapEx
4%
$430
Vacancy
3%
$323
Maintenance
4%
$430
Other
11%
$1,183