This property looks like a bad Mid-Term investment with a projected -21.96% first-year return on $638k initial cash invested.
-21.96%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$7,980
Rent
-$11,665
Cashflow
Cash Flow
$7,980 income − $19,645 expenses = $11,665 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.4%
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
$7,980
Total Expenses
$19,645
Mortgage P&I
186%
$14,810
Property Taxes
14%
$1,090
Home Insurance
13%
$1,032
HOA
0%
$0
Property Management
12%
$958
CapEx
4%
$319
Vacancy
3%
$239
Maintenance
4%
$319
Other
11%
$878