This property looks like a bad Mid-Term investment with a projected -23.38% first-year return on $552k initial cash invested.
-23.38%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$11,589
Rent
-$10,763
Cashflow
Cash Flow
$11,589 income − $22,352 expenses = $10,763 out of pocket
Investment Breakdown
|
Purchase Price
$2544k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$552k
Downpayment
20%
$509k
Closing costs
1%
$25,444
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,589
Total Expenses
$22,352
Mortgage P&I
122%
$14,146
Property Taxes
19%
$2,211
Home Insurance
10%
$1,146
HOA
8%
$907
Property Management
12%
$1,391
CapEx
4%
$464
Vacancy
3%
$348
Maintenance
4%
$464
Other
11%
$1,275