This property looks like a bad Mid-Term investment with a projected -20.76% first-year return on $527k initial cash invested.
-20.76%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$11,506
Rent
-$9,110
Cashflow
Cash Flow
$11,506 income − $20,616 expenses = $9,110 out of pocket
Investment Breakdown
|
Purchase Price
$2422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$527k
Downpayment
20%
$484k
Closing costs
1%
$24,221
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,506
Total Expenses
$20,616
Mortgage P&I
117%
$13,481
Property Taxes
20%
$2,350
Home Insurance
8%
$873
HOA
0%
$0
Property Management
12%
$1,381
CapEx
4%
$460
Vacancy
3%
$345
Maintenance
4%
$460
Other
11%
$1,266