This property looks like a bad Mid-Term investment with a projected -27.04% first-year return on $491k initial cash invested.
-27.04%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$2,667
Rent
-$11,054
Cashflow
Cash Flow
$2,667 income − $13,721 expenses = $11,054 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$491k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,667
Total Expenses
$13,721
Mortgage P&I
423%
$11,279
Property Taxes
28%
$747
Home Insurance
30%
$788
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293