This property looks like a bad Mid-Term investment with a projected -24.66% first-year return on $569k initial cash invested.
-24.66%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$9,242
Rent
-$11,693
Cashflow
Cash Flow
$9,242 income − $20,935 expenses = $11,693 out of pocket
Investment Breakdown
|
Purchase Price
$2624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$569k
Downpayment
20%
$525k
Closing costs
1%
$26,238
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,242
Total Expenses
$20,935
Mortgage P&I
155%
$14,352
Property Taxes
27%
$2,470
Home Insurance
11%
$970
HOA
0%
$0
Property Management
12%
$1,109
CapEx
4%
$370
Vacancy
3%
$277
Maintenance
4%
$370
Other
11%
$1,017