This property looks like a bad Mid-Term investment with a projected -28.15% first-year return on $921k initial cash invested.
-28.15%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$6,050
Rent
-$21,597
Cashflow
Cash Flow
$6,050 income − $27,647 expenses = $21,597 out of pocket
Investment Breakdown
|
Purchase Price
$4299k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$921k
Downpayment
20%
$860k
Closing costs
1%
$42,990
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$6,050
Total Expenses
$27,647
Mortgage P&I
390%
$23,606
Property Taxes
8%
$478
Home Insurance
25%
$1,505
HOA
0%
$0
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666