This property looks like a bad Mid-Term investment with a projected -19.54% first-year return on $522k initial cash invested.
-19.54%
Cash On Cash
2.74%
Cap Rate
0.41
DSCR
$12,770
Rent
-$8,493
Cashflow
Cash Flow
$12,770 income − $21,263 expenses = $8,493 out of pocket
Investment Breakdown
|
Purchase Price
$2398k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$522k
Downpayment
20%
$480k
Closing costs
1%
$23,979
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,770
Total Expenses
$21,263
Mortgage P&I
105%
$13,451
Property Taxes
20%
$2,492
Home Insurance
8%
$978
HOA
0%
$0
Property Management
12%
$1,532
CapEx
4%
$511
Vacancy
3%
$383
Maintenance
4%
$511
Other
11%
$1,405