This property looks like a bad Mid-Term investment with a projected -27.74% first-year return on $512k initial cash invested.
-27.74%
Cash On Cash
0.76%
Cap Rate
0.11
DSCR
$5,756
Rent
-$11,846
Cashflow
Cash Flow
$5,756 income − $17,602 expenses = $11,846 out of pocket
Investment Breakdown
|
Purchase Price
$2355k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$512k
Downpayment
20%
$471k
Closing costs
1%
$23,545
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,756
Total Expenses
$17,602
Mortgage P&I
228%
$13,103
Property Taxes
29%
$1,667
Home Insurance
15%
$875
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633