This property looks like a bad Mid-Term investment with a projected -25.03% first-year return on $642k initial cash invested.
-25.03%
Cash On Cash
0.87%
Cap Rate
0.14
DSCR
$11,454
Rent
-$13,398
Cashflow
Cash Flow
$11,454 income − $24,852 expenses = $13,398 out of pocket
Investment Breakdown
|
Purchase Price
$2973k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$642k
Downpayment
20%
$595k
Closing costs
1%
$29,727
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,454
Total Expenses
$24,852
Mortgage P&I
132%
$15,094
Property Taxes
42%
$4,779
Home Insurance
9%
$1,085
HOA
0%
$0
Property Management
12%
$1,374
CapEx
4%
$458
Vacancy
3%
$344
Maintenance
4%
$458
Other
11%
$1,260