This property looks like a bad Mid-Term investment with a projected -23.64% first-year return on $612k initial cash invested.
-23.64%
Cash On Cash
1.07%
Cap Rate
0.18
DSCR
$8,493
Rent
-$12,061
Cashflow
Cash Flow
$8,493 income − $20,554 expenses = $12,061 out of pocket
Investment Breakdown
|
Purchase Price
$2830k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$612k
Downpayment
20%
$566k
Closing costs
1%
$28,295
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,493
Total Expenses
$20,554
Mortgage P&I
168%
$14,244
Property Taxes
28%
$2,374
Home Insurance
12%
$1,048
HOA
0%
$0
Property Management
12%
$1,019
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$934