This property looks like a bad Mid-Term investment with a projected -28.32% first-year return on $753k initial cash invested.
-28.32%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$5,468
Rent
-$17,769
Cashflow
Cash Flow
$5,468 income − $23,237 expenses = $17,769 out of pocket
Investment Breakdown
|
Purchase Price
$3500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$753k
Downpayment
20%
$700k
Closing costs
1%
$35,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,468
Total Expenses
$23,237
Mortgage P&I
344%
$18,798
Property Taxes
25%
$1,355
Home Insurance
22%
$1,225
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601