This property looks like a bad Mid-Term investment with a projected -30.89% first-year return on $5948k initial cash invested.
-30.89%
Cash On Cash
-0.41%
Cap Rate
-0.07
DSCR
$11,870
Rent
-$153,105
Cashflow
Cash Flow
$11,870 income − $164,975 expenses = $153,105 out of pocket
Investment Breakdown
|
Purchase Price
$28236k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$5948k
Downpayment
20%
$5647k
Closing costs
1%
$282k
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,870
Total Expenses
$165k
Mortgage P&I
1204%
$143k
Property Taxes
64%
$7,542
Home Insurance
88%
$10,500
HOA
0%
$0
Property Management
12%
$1,424
CapEx
4%
$475
Vacancy
3%
$356
Maintenance
4%
$475
Other
11%
$1,306