This property looks like a bad Mid-Term investment with a projected -24.35% first-year return on $808k initial cash invested.
-24.35%
Cash On Cash
1.21%
Cap Rate
0.19
DSCR
$11,943
Rent
-$16,402
Cashflow
Cash Flow
$11,943 income − $28,345 expenses = $16,402 out of pocket
Investment Breakdown
|
Purchase Price
$3763k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$808k
Downpayment
20%
$753k
Closing costs
1%
$37,634
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,943
Total Expenses
$28,345
Mortgage P&I
165%
$19,708
Property Taxes
21%
$2,478
Home Insurance
18%
$2,098
HOA
0%
$0
Property Management
12%
$1,433
CapEx
4%
$478
Vacancy
3%
$358
Maintenance
4%
$478
Other
11%
$1,314