This property looks like a bad Mid-Term investment with a projected -32.12% first-year return on $818k initial cash invested.
-32.12%
Cash On Cash
0.03%
Cap Rate
0
DSCR
$10,826
Rent
-$21,897
Cashflow
Cash Flow
$10,826 income − $32,723 expenses = $21,897 out of pocket
Investment Breakdown
|
Purchase Price
$3809k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$818k
Downpayment
20%
$762k
Closing costs
1%
$38,093
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$10,826
Total Expenses
$32,723
Mortgage P&I
199%
$21,570
Property Taxes
56%
$6,090
Home Insurance
13%
$1,382
HOA
0%
$0
Property Management
12%
$1,299
CapEx
4%
$433
Vacancy
3%
$325
Maintenance
4%
$433
Other
11%
$1,191