This property looks like a bad Mid-Term investment with a projected -22.53% first-year return on $541k initial cash invested.
-22.53%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$10,167
Rent
-$10,151
Cashflow
Cash Flow
$10,167 income − $20,318 expenses = $10,151 out of pocket
Investment Breakdown
|
Purchase Price
$2489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$541k
Downpayment
20%
$498k
Closing costs
1%
$24,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,167
Total Expenses
$20,318
Mortgage P&I
134%
$13,667
Property Taxes
23%
$2,323
Home Insurance
9%
$871
HOA
0%
$0
Property Management
12%
$1,220
CapEx
4%
$407
Vacancy
3%
$305
Maintenance
4%
$407
Other
11%
$1,118