This property looks like a bad Mid-Term investment with a projected -28.21% first-year return on $1131k initial cash invested.
-28.21%
Cash On Cash
0.35%
Cap Rate
0.06
DSCR
$6,096
Rent
-$26,587
Cashflow
Cash Flow
$6,096 income − $32,683 expenses = $26,587 out of pocket
Investment Breakdown
|
Purchase Price
$5300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$1131k
Downpayment
20%
$1060k
Closing costs
1%
$53,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,096
Total Expenses
$32,683
Mortgage P&I
458%
$27,905
Property Taxes
14%
$849
Home Insurance
30%
$1,855
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671