This property looks like a bad Mid-Term investment with a projected -24.61% first-year return on $647k initial cash invested.
-24.61%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$7,401
Rent
-$13,275
Cashflow
Cash Flow
$7,401 income − $20,676 expenses = $13,275 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$647k
Downpayment
20%
$599k
Closing costs
1%
$29,970
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,401
Total Expenses
$20,676
Mortgage P&I
217%
$16,093
Property Taxes
14%
$1,018
Home Insurance
14%
$1,049
HOA
0%
$0
Property Management
12%
$888
CapEx
4%
$296
Vacancy
3%
$222
Maintenance
4%
$296
Other
11%
$814