This property looks like a bad Mid-Term investment with a projected -28.06% first-year return on $900k initial cash invested.
-28.06%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$11,244
Rent
-$21,039
Cashflow
Cash Flow
$11,244 income − $32,283 expenses = $21,039 out of pocket
Investment Breakdown
|
Purchase Price
$4199k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$900k
Downpayment
20%
$840k
Closing costs
1%
$41,990
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,244
Total Expenses
$32,283
Mortgage P&I
203%
$22,861
Property Taxes
37%
$4,129
Home Insurance
13%
$1,470
HOA
0%
$0
Property Management
12%
$1,349
CapEx
4%
$450
Vacancy
3%
$337
Maintenance
4%
$450
Other
11%
$1,237