This property looks like a bad Mid-Term investment with a projected -27.45% first-year return on $1593k initial cash invested.
-27.45%
Cash On Cash
0.46%
Cap Rate
0.07
DSCR
$9,704
Rent
-$36,441
Cashflow
Cash Flow
$9,704 income − $46,145 expenses = $36,441 out of pocket
Investment Breakdown
|
Purchase Price
$7500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$1593k
Downpayment
20%
$1500k
Closing costs
1%
$75,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$9,704
Total Expenses
$46,145
Mortgage P&I
401%
$38,916
Property Taxes
13%
$1,306
Home Insurance
27%
$2,625
HOA
0%
$0
Property Management
12%
$1,164
CapEx
4%
$388
Vacancy
3%
$291
Maintenance
4%
$388
Other
11%
$1,067