This property looks like a bad Mid-Term investment with a projected -26.45% first-year return on $584k initial cash invested.
-26.45%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$8,274
Rent
-$12,873
Cashflow
Cash Flow
$8,274 income − $21,147 expenses = $12,873 out of pocket
Investment Breakdown
|
Purchase Price
$2695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$584k
Downpayment
20%
$539k
Closing costs
1%
$26,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,274
Total Expenses
$21,147
Mortgage P&I
178%
$14,741
Property Taxes
32%
$2,650
Home Insurance
11%
$943
HOA
0%
$0
Property Management
12%
$993
CapEx
4%
$331
Vacancy
3%
$248
Maintenance
4%
$331
Other
11%
$910