This property looks like a bad Mid-Term investment with a projected -26.71% first-year return on $647k initial cash invested.
-26.71%
Cash On Cash
1.17%
Cap Rate
0.17
DSCR
$8,792
Rent
-$14,401
Cashflow
Cash Flow
$8,792 income − $23,193 expenses = $14,401 out of pocket
Investment Breakdown
|
Purchase Price
$2995k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$647k
Downpayment
20%
$599k
Closing costs
1%
$29,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,792
Total Expenses
$23,193
Mortgage P&I
193%
$16,957
Property Taxes
15%
$1,298
Home Insurance
12%
$1,048
HOA
10%
$900
Property Management
12%
$1,055
CapEx
4%
$352
Vacancy
3%
$264
Maintenance
4%
$352
Other
11%
$967