This property looks like a bad Mid-Term investment with a projected -15.57% first-year return on $509k initial cash invested.
-15.57%
Cash On Cash
3.06%
Cap Rate
0.49
DSCR
$10,200
Rent
-$6,607
Cashflow
Cash Flow
$10,200 income − $16,807 expenses = $6,607 out of pocket
Investment Breakdown
|
Purchase Price
$2339k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$509k
Downpayment
20%
$468k
Closing costs
1%
$23,390
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,200
Total Expenses
$16,807
Mortgage P&I
119%
$12,168
Property Taxes
3%
$352
Home Insurance
8%
$819
HOA
0%
$0
Property Management
12%
$1,224
CapEx
4%
$408
Vacancy
3%
$306
Maintenance
4%
$408
Other
11%
$1,122