This property looks like a bad Mid-Term investment with a projected -27.83% first-year return on $1363k initial cash invested.
-27.83%
Cash On Cash
0.09%
Cap Rate
0.02
DSCR
$7,346
Rent
-$31,624
Cashflow
Cash Flow
$7,346 income − $38,970 expenses = $31,624 out of pocket
Investment Breakdown
|
Purchase Price
$6407k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$1363k
Downpayment
20%
$1281k
Closing costs
1%
$64,066
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$7,346
Total Expenses
$38,970
Mortgage P&I
433%
$31,818
Property Taxes
20%
$1,458
Home Insurance
33%
$2,415
HOA
11%
$781
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$808