This property looks like a bad Mid-Term investment with a projected -29.4% first-year return on $543k initial cash invested.
-29.4%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$3,064
Rent
-$13,302
Cashflow
Cash Flow
$3,064 income − $16,366 expenses = $13,302 out of pocket
Investment Breakdown
|
Purchase Price
$2500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$543k
Downpayment
20%
$500k
Closing costs
1%
$25,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,064
Total Expenses
$16,366
Mortgage P&I
448%
$13,728
Property Taxes
24%
$720
Home Insurance
29%
$875
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337