This property looks like a bad Mid-Term investment with a projected -26.86% first-year return on $1058k initial cash invested.
-26.86%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$6,969
Rent
-$23,670
Cashflow
Cash Flow
$6,969 income − $30,639 expenses = $23,670 out of pocket
Investment Breakdown
|
Purchase Price
$4950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$1058k
Downpayment
20%
$990k
Closing costs
1%
$49,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,969
Total Expenses
$30,639
Mortgage P&I
362%
$25,215
Property Taxes
19%
$1,322
Home Insurance
25%
$1,732
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$767