This property looks like a bad Mid-Term investment with a projected -27.09% first-year return on $626k initial cash invested.
-27.09%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$6,358
Rent
-$14,131
Cashflow
Cash Flow
$6,358 income − $20,489 expenses = $14,131 out of pocket
Investment Breakdown
|
Purchase Price
$2895k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$626k
Downpayment
20%
$579k
Closing costs
1%
$28,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,358
Total Expenses
$20,489
Mortgage P&I
243%
$15,454
Property Taxes
29%
$1,861
Home Insurance
16%
$1,013
HOA
0%
$0
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$699