This property looks like a bad Mid-Term investment with a projected -31.83% first-year return on $962k initial cash invested.
-31.83%
Cash On Cash
-0.23%
Cap Rate
-0.04
DSCR
$2,218
Rent
-$25,514
Cashflow
Cash Flow
$2,218 income − $27,732 expenses = $25,514 out of pocket
Investment Breakdown
|
Purchase Price
$4495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$962k
Downpayment
20%
$899k
Closing costs
1%
$44,950
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$2,218
Total Expenses
$27,732
Mortgage P&I
1107%
$24,553
Property Taxes
38%
$851
Home Insurance
71%
$1,573
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244