This property looks like a bad Mid-Term investment with a projected -24.7% first-year return on $575k initial cash invested.
-24.7%
Cash On Cash
1.09%
Cap Rate
0.17
DSCR
$5,042
Rent
-$11,826
Cashflow
Cash Flow
$5,042 income − $16,868 expenses = $11,826 out of pocket
Investment Breakdown
|
Purchase Price
$2650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$575k
Downpayment
20%
$530k
Closing costs
1%
$26,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,042
Total Expenses
$16,868
Mortgage P&I
278%
$14,039
Property Taxes
4%
$186
Home Insurance
18%
$928
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555