This property looks like a bad Mid-Term investment with a projected -31.5% first-year return on $647k initial cash invested.
-31.5%
Cash On Cash
-0.16%
Cap Rate
-0.02
DSCR
$7,515
Rent
-$16,995
Cashflow
Cash Flow
$7,515 income − $24,510 expenses = $16,995 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$647k
Downpayment
20%
$599k
Closing costs
1%
$29,973
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,515
Total Expenses
$24,510
Mortgage P&I
217%
$16,289
Property Taxes
61%
$4,617
Home Insurance
14%
$1,048
HOA
0%
$0
Property Management
12%
$902
CapEx
4%
$301
Vacancy
3%
$225
Maintenance
4%
$301
Other
11%
$827