This property looks like a bad Mid-Term investment with a projected -28.18% first-year return on $616k initial cash invested.
-28.18%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$9,699
Rent
-$14,471
Cashflow
Cash Flow
$9,699 income − $24,170 expenses = $14,471 out of pocket
Investment Breakdown
|
Purchase Price
$2849k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$616k
Downpayment
20%
$570k
Closing costs
1%
$28,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,699
Total Expenses
$24,170
Mortgage P&I
160%
$15,483
Property Taxes
45%
$4,392
Home Insurance
10%
$997
HOA
0%
$0
Property Management
12%
$1,164
CapEx
4%
$388
Vacancy
3%
$291
Maintenance
4%
$388
Other
11%
$1,067