This property looks like a bad Mid-Term investment with a projected -30% first-year return on $1312k initial cash invested.
-30%
Cash On Cash
-0.3%
Cap Rate
-0.05
DSCR
$10,216
Rent
-$32,799
Cashflow
Cash Flow
$10,216 income − $43,015 expenses = $32,799 out of pocket
Investment Breakdown
|
Purchase Price
$6162k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1312k
Downpayment
20%
$1232k
Closing costs
1%
$61,616
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$10,216
Total Expenses
$43,015
Mortgage P&I
302%
$30,852
Property Taxes
63%
$6,414
Home Insurance
22%
$2,275
HOA
0%
$0
Property Management
12%
$1,226
CapEx
4%
$409
Vacancy
3%
$306
Maintenance
4%
$409
Other
11%
$1,124