This property looks like a bad Mid-Term investment with a projected -27.53% first-year return on $827k initial cash invested.
-27.53%
Cash On Cash
0.8%
Cap Rate
0.12
DSCR
$6,561
Rent
-$18,962
Cashflow
Cash Flow
$6,561 income − $25,523 expenses = $18,962 out of pocket
Investment Breakdown
|
Purchase Price
$3850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$827k
Downpayment
20%
$770k
Closing costs
1%
$38,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,561
Total Expenses
$25,523
Mortgage P&I
324%
$21,269
Property Taxes
10%
$676
Home Insurance
21%
$1,348
HOA
0%
$0
Property Management
12%
$787
CapEx
4%
$262
Vacancy
3%
$197
Maintenance
4%
$262
Other
11%
$722