This property looks like a bad Mid-Term investment with a projected -27.32% first-year return on $543k initial cash invested.
-27.32%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$2,828
Rent
-$12,361
Cashflow
Cash Flow
$2,828 income − $15,189 expenses = $12,361 out of pocket
Investment Breakdown
|
Purchase Price
$2500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$543k
Downpayment
20%
$500k
Closing costs
1%
$25,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,828
Total Expenses
$15,189
Mortgage P&I
470%
$13,303
Property Taxes
2%
$50
Home Insurance
31%
$875
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311