This property looks like a bad Mid-Term investment with a projected -25.36% first-year return on $563k initial cash invested.
-25.36%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$8,169
Rent
-$11,905
Cashflow
Cash Flow
$8,169 income − $20,074 expenses = $11,905 out of pocket
Investment Breakdown
|
Purchase Price
$2596k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$563k
Downpayment
20%
$519k
Closing costs
1%
$25,964
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,169
Total Expenses
$20,074
Mortgage P&I
168%
$13,752
Property Taxes
32%
$2,608
Home Insurance
11%
$936
HOA
0%
$0
Property Management
12%
$980
CapEx
4%
$327
Vacancy
3%
$245
Maintenance
4%
$327
Other
11%
$899