This property looks like a bad Mid-Term investment with a projected -22.6% first-year return on $578k initial cash invested.
-22.6%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$10,236
Rent
-$10,879
Cashflow
Cash Flow
$10,236 income − $21,115 expenses = $10,879 out of pocket
Investment Breakdown
|
Purchase Price
$2665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$578k
Downpayment
20%
$533k
Closing costs
1%
$26,649
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,236
Total Expenses
$21,115
Mortgage P&I
142%
$14,559
Property Taxes
22%
$2,204
Home Insurance
9%
$873
HOA
0%
$0
Property Management
12%
$1,228
CapEx
4%
$409
Vacancy
3%
$307
Maintenance
4%
$409
Other
11%
$1,126