This property looks like a bad Mid-Term investment with a projected -20.97% first-year return on $643k initial cash invested.
-20.97%
Cash On Cash
1.73%
Cap Rate
0.29
DSCR
$11,984
Rent
-$11,243
Cashflow
Cash Flow
$11,984 income − $23,227 expenses = $11,243 out of pocket
Investment Breakdown
|
Purchase Price
$2978k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$643k
Downpayment
20%
$596k
Closing costs
1%
$29,783
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,984
Total Expenses
$23,227
Mortgage P&I
126%
$15,066
Property Taxes
22%
$2,694
Home Insurance
9%
$1,068
HOA
3%
$325
Property Management
12%
$1,438
CapEx
4%
$479
Vacancy
3%
$360
Maintenance
4%
$479
Other
11%
$1,318