This property looks like a bad Mid-Term investment with a projected -25.49% first-year return on $654k initial cash invested.
-25.49%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$10,430
Rent
-$13,901
Cashflow
Cash Flow
$10,430 income − $24,331 expenses = $13,901 out of pocket
Investment Breakdown
|
Purchase Price
$3031k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$654k
Downpayment
20%
$606k
Closing costs
1%
$30,306
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,430
Total Expenses
$24,331
Mortgage P&I
160%
$16,668
Property Taxes
29%
$2,979
Home Insurance
11%
$1,138
HOA
0%
$0
Property Management
12%
$1,252
CapEx
4%
$417
Vacancy
3%
$313
Maintenance
4%
$417
Other
11%
$1,147