This property looks like a bad Mid-Term investment with a projected -25.5% first-year return on $517k initial cash invested.
-25.5%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$5,212
Rent
-$10,975
Cashflow
Cash Flow
$5,212 income − $16,187 expenses = $10,975 out of pocket
Investment Breakdown
|
Purchase Price
$2374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$517k
Downpayment
20%
$475k
Closing costs
1%
$23,739
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,212
Total Expenses
$16,187
Mortgage P&I
240%
$12,500
Property Taxes
21%
$1,079
Home Insurance
16%
$838
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573