This property looks like a bad Mid-Term investment with a projected -24.81% first-year return on $513k initial cash invested.
-24.81%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$8,984
Rent
-$10,616
Cashflow
Cash Flow
$8,984 income − $19,600 expenses = $10,616 out of pocket
Investment Breakdown
|
Purchase Price
$2359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$513k
Downpayment
20%
$472k
Closing costs
1%
$23,592
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,984
Total Expenses
$19,600
Mortgage P&I
144%
$12,955
Property Taxes
29%
$2,612
Home Insurance
11%
$979
HOA
0%
$0
Property Management
12%
$1,078
CapEx
4%
$359
Vacancy
3%
$270
Maintenance
4%
$359
Other
11%
$988