This property looks like a bad Mid-Term investment with a projected -38.09% first-year return on $5267k initial cash invested.
-38.09%
Cash On Cash
-1.94%
Cap Rate
-0.32
DSCR
$9,822
Rent
-$167,188
Cashflow
Cash Flow
$9,822 income − $177,010 expenses = $167,188 out of pocket
Investment Breakdown
|
Purchase Price
$24995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$5267k
Downpayment
20%
$4999k
Closing costs
1%
$250k
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$9,822
Total Expenses
$177k
Mortgage P&I
1287%
$126k
Property Taxes
392%
$38,534
Home Insurance
89%
$8,748
HOA
0%
$0
Property Management
12%
$1,179
CapEx
4%
$393
Vacancy
3%
$295
Maintenance
4%
$393
Other
11%
$1,080