This property looks like a bad Mid-Term investment with a projected -26.62% first-year return on $575k initial cash invested.
-26.62%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$4,334
Rent
-$12,742
Cashflow
Cash Flow
$4,334 income − $17,076 expenses = $12,742 out of pocket
Investment Breakdown
|
Purchase Price
$2650k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$575k
Downpayment
20%
$530k
Closing costs
1%
$26,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,334
Total Expenses
$17,076
Mortgage P&I
319%
$13,831
Property Taxes
19%
$844
Home Insurance
21%
$928
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477