This property looks like a bad Mid-Term investment with a projected -28.02% first-year return on $963k initial cash invested.
-28.02%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$6,812
Rent
-$22,485
Cashflow
Cash Flow
$6,812 income − $29,297 expenses = $22,485 out of pocket
Investment Breakdown
|
Purchase Price
$4500k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$963k
Downpayment
20%
$900k
Closing costs
1%
$45,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,812
Total Expenses
$29,297
Mortgage P&I
354%
$24,140
Property Taxes
19%
$1,268
Home Insurance
23%
$1,575
HOA
0%
$0
Property Management
12%
$817
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$749