This property looks like a bad Mid-Term investment with a projected -20.4% first-year return on $503k initial cash invested.
-20.4%
Cash On Cash
2.53%
Cap Rate
0.38
DSCR
$11,516
Rent
-$8,550
Cashflow
Cash Flow
$11,516 income − $20,066 expenses = $8,550 out of pocket
Investment Breakdown
|
Purchase Price
$2310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$503k
Downpayment
20%
$462k
Closing costs
1%
$23,098
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,516
Total Expenses
$20,066
Mortgage P&I
113%
$12,957
Property Taxes
20%
$2,355
Home Insurance
7%
$838
HOA
0%
$0
Property Management
12%
$1,382
CapEx
4%
$461
Vacancy
3%
$345
Maintenance
4%
$461
Other
11%
$1,267