This property looks like a bad Mid-Term investment with a projected -22.75% first-year return on $526k initial cash invested.
-22.75%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$10,834
Rent
-$9,970
Cashflow
Cash Flow
$10,834 income − $20,804 expenses = $9,970 out of pocket
Investment Breakdown
|
Purchase Price
$2418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$526k
Downpayment
20%
$484k
Closing costs
1%
$24,181
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,834
Total Expenses
$20,804
Mortgage P&I
122%
$13,227
Property Taxes
21%
$2,297
Home Insurance
8%
$910
HOA
6%
$687
Property Management
12%
$1,300
CapEx
4%
$433
Vacancy
3%
$325
Maintenance
4%
$433
Other
11%
$1,192