This property looks like a bad Mid-Term investment with a projected -13.78% first-year return on $508k initial cash invested.
-13.78%
Cash On Cash
3.24%
Cap Rate
0.54
DSCR
$11,544
Rent
-$5,836
Cashflow
Cash Flow
$11,544 income − $17,380 expenses = $5,836 out of pocket
Investment Breakdown
|
Purchase Price
$2334k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$508k
Downpayment
20%
$467k
Closing costs
1%
$23,340
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,544
Total Expenses
$17,380
Mortgage P&I
101%
$11,679
Property Taxes
4%
$411
Home Insurance
12%
$1,365
HOA
0%
$0
Property Management
12%
$1,385
CapEx
4%
$462
Vacancy
3%
$346
Maintenance
4%
$462
Other
11%
$1,270