This property looks like a bad Mid-Term investment with a projected -28.67% first-year return on $593k initial cash invested.
-28.67%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$5,672
Rent
-$14,158
Cashflow
Cash Flow
$5,672 income − $19,830 expenses = $14,158 out of pocket
Investment Breakdown
|
Purchase Price
$2737k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$593k
Downpayment
20%
$547k
Closing costs
1%
$27,365
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,672
Total Expenses
$19,830
Mortgage P&I
269%
$15,267
Property Taxes
29%
$1,640
Home Insurance
18%
$994
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624