This property looks like a bad Mid-Term investment with a projected -16.65% first-year return on $523k initial cash invested.
-16.65%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$13,022
Rent
-$7,260
Cashflow
Cash Flow
$13,022 income − $20,282 expenses = $7,260 out of pocket
Investment Breakdown
|
Purchase Price
$2406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$523k
Downpayment
20%
$481k
Closing costs
1%
$24,057
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,022
Total Expenses
$20,282
Mortgage P&I
101%
$13,159
Property Taxes
15%
$1,960
Home Insurance
6%
$735
HOA
0%
$0
Property Management
12%
$1,563
CapEx
4%
$521
Vacancy
3%
$391
Maintenance
4%
$521
Other
11%
$1,432