This property looks like a bad Mid-Term investment with a projected -23.89% first-year return on $638k initial cash invested.
-23.89%
Cash On Cash
1.77%
Cap Rate
0.26
DSCR
$12,375
Rent
-$12,693
Cashflow
Cash Flow
$12,375 income − $25,068 expenses = $12,693 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,375
Total Expenses
$25,068
Mortgage P&I
134%
$16,548
Property Taxes
21%
$2,606
Home Insurance
8%
$1,032
HOA
5%
$675
Property Management
12%
$1,485
CapEx
4%
$495
Vacancy
3%
$371
Maintenance
4%
$495
Other
11%
$1,361