This property looks like a bad Mid-Term investment with a projected -22.88% first-year return on $562k initial cash invested.
-22.88%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$9,956
Rent
-$10,716
Cashflow
Cash Flow
$9,956 income − $20,672 expenses = $10,716 out of pocket
Investment Breakdown
|
Purchase Price
$2590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$562k
Downpayment
20%
$518k
Closing costs
1%
$25,903
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,956
Total Expenses
$20,672
Mortgage P&I
142%
$14,103
Property Taxes
22%
$2,191
Home Insurance
9%
$868
HOA
1%
$125
Property Management
12%
$1,195
CapEx
4%
$398
Vacancy
3%
$299
Maintenance
4%
$398
Other
11%
$1,095