This property looks like a bad Mid-Term investment with a projected -17.22% first-year return on $638k initial cash invested.
-17.22%
Cash On Cash
2.61%
Cap Rate
0.42
DSCR
$11,146
Rent
-$9,147
Cashflow
Cash Flow
$11,146 income − $20,293 expenses = $9,147 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,146
Total Expenses
$20,293
Mortgage P&I
136%
$15,111
Property Taxes
3%
$360
Home Insurance
9%
$1,032
HOA
0%
$0
Property Management
12%
$1,338
CapEx
4%
$446
Vacancy
3%
$334
Maintenance
4%
$446
Other
11%
$1,226