This property looks like a bad Mid-Term investment with a projected -29.9% first-year return on $925k initial cash invested.
-29.9%
Cash On Cash
0.13%
Cap Rate
0.02
DSCR
$5,934
Rent
-$23,045
Cashflow
Cash Flow
$5,934 income − $28,979 expenses = $23,045 out of pocket
Investment Breakdown
|
Purchase Price
$4318k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$925k
Downpayment
20%
$864k
Closing costs
1%
$43,183
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$5,934
Total Expenses
$28,979
Mortgage P&I
392%
$23,275
Property Taxes
35%
$2,077
Home Insurance
27%
$1,610
HOA
0%
$0
Property Management
12%
$712
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$653