This property looks like a bad Mid-Term investment with a projected -19.62% first-year return on $622k initial cash invested.
-19.62%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$12,866
Rent
-$10,177
Cashflow
Cash Flow
$12,866 income − $23,043 expenses = $10,177 out of pocket
Investment Breakdown
|
Purchase Price
$2878k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$622k
Downpayment
20%
$576k
Closing costs
1%
$28,776
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,866
Total Expenses
$23,043
Mortgage P&I
119%
$15,336
Property Taxes
19%
$2,457
Home Insurance
7%
$875
HOA
0%
$0
Property Management
12%
$1,544
CapEx
4%
$515
Vacancy
3%
$386
Maintenance
4%
$515
Other
11%
$1,415