This property looks like a bad Mid-Term investment with a projected -20.67% first-year return on $627k initial cash invested.
-20.67%
Cash On Cash
1.88%
Cap Rate
0.3
DSCR
$11,583
Rent
-$10,800
Cashflow
Cash Flow
$11,583 income − $22,383 expenses = $10,800 out of pocket
Investment Breakdown
|
Purchase Price
$2900k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$627k
Downpayment
20%
$580k
Closing costs
1%
$29,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,583
Total Expenses
$22,383
Mortgage P&I
128%
$14,869
Property Taxes
22%
$2,562
Home Insurance
9%
$1,015
HOA
0%
$0
Property Management
12%
$1,390
CapEx
4%
$463
Vacancy
3%
$347
Maintenance
4%
$463
Other
11%
$1,274