This property looks like a bad Mid-Term investment with a projected -23% first-year return on $711k initial cash invested.
-23%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$9,130
Rent
-$13,625
Cashflow
Cash Flow
$9,130 income − $22,755 expenses = $13,625 out of pocket
Investment Breakdown
|
Purchase Price
$3300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$711k
Downpayment
20%
$660k
Closing costs
1%
$33,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,130
Total Expenses
$22,755
Mortgage P&I
196%
$17,913
Property Taxes
4%
$333
Home Insurance
13%
$1,155
HOA
3%
$250
Property Management
12%
$1,096
CapEx
4%
$365
Vacancy
3%
$274
Maintenance
4%
$365
Other
11%
$1,004