This property looks like a bad Mid-Term investment with a projected -25.75% first-year return on $562k initial cash invested.
-25.75%
Cash On Cash
0.45%
Cap Rate
0.08
DSCR
$3,604
Rent
-$12,057
Cashflow
Cash Flow
$3,604 income − $15,661 expenses = $12,057 out of pocket
Investment Breakdown
|
Purchase Price
$2590k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$562k
Downpayment
20%
$518k
Closing costs
1%
$25,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,604
Total Expenses
$15,661
Mortgage P&I
358%
$12,885
Property Taxes
18%
$646
Home Insurance
25%
$906
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396