This property looks like a bad Mid-Term investment with a projected -21.49% first-year return on $560k initial cash invested.
-21.49%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$7,629
Rent
-$10,026
Cashflow
Cash Flow
$7,629 income − $17,655 expenses = $10,026 out of pocket
Investment Breakdown
|
Purchase Price
$2581k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$560k
Downpayment
20%
$516k
Closing costs
1%
$25,806
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,629
Total Expenses
$17,655
Mortgage P&I
177%
$13,502
Property Taxes
7%
$525
Home Insurance
13%
$962
HOA
1%
$73
Property Management
12%
$915
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$839