This property looks like a bad Mid-Term investment with a projected -32.56% first-year return on $1667k initial cash invested.
-32.56%
Cash On Cash
-0.22%
Cap Rate
-0.03
DSCR
$3,836
Rent
-$45,219
Cashflow
Cash Flow
$3,836 income − $49,055 expenses = $45,219 out of pocket
Investment Breakdown
|
Purchase Price
$7850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1667k
Downpayment
20%
$1570k
Closing costs
1%
$78,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$49,055
Mortgage P&I
1137%
$43,619
Property Taxes
36%
$1,385
Home Insurance
72%
$2,748
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422