This property looks like a bad Mid-Term investment with a projected -26.99% first-year return on $585k initial cash invested.
-26.99%
Cash On Cash
0.86%
Cap Rate
0.13
DSCR
$7,922
Rent
-$13,150
Cashflow
Cash Flow
$7,922 income − $21,072 expenses = $13,150 out of pocket
Investment Breakdown
|
Purchase Price
$2698k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$585k
Downpayment
20%
$540k
Closing costs
1%
$26,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,922
Total Expenses
$21,072
Mortgage P&I
186%
$14,758
Property Taxes
34%
$2,676
Home Insurance
12%
$944
HOA
0%
$0
Property Management
12%
$951
CapEx
4%
$317
Vacancy
3%
$238
Maintenance
4%
$317
Other
11%
$871