This property looks like a bad Mid-Term investment with a projected -27.51% first-year return on $680k initial cash invested.
-27.51%
Cash On Cash
0.88%
Cap Rate
0.13
DSCR
$12,086
Rent
-$15,600
Cashflow
Cash Flow
$12,086 income − $27,686 expenses = $15,600 out of pocket
Investment Breakdown
|
Purchase Price
$3155k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$680k
Downpayment
20%
$631k
Closing costs
1%
$31,546
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,086
Total Expenses
$27,686
Mortgage P&I
144%
$17,430
Property Taxes
41%
$5,010
Home Insurance
9%
$1,138
HOA
0%
$0
Property Management
12%
$1,450
CapEx
4%
$483
Vacancy
3%
$363
Maintenance
4%
$483
Other
11%
$1,329