This property looks like a bad Mid-Term investment with a projected -18.66% first-year return on $541k initial cash invested.
-18.66%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$8,664
Rent
-$8,409
Cashflow
Cash Flow
$8,664 income − $17,073 expenses = $8,409 out of pocket
Investment Breakdown
|
Purchase Price
$2489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$541k
Downpayment
20%
$498k
Closing costs
1%
$24,894
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,664
Total Expenses
$17,073
Mortgage P&I
143%
$12,424
Property Taxes
9%
$796
Home Insurance
10%
$906
HOA
0%
$0
Property Management
12%
$1,040
CapEx
4%
$347
Vacancy
3%
$260
Maintenance
4%
$347
Other
11%
$953