This property looks like a bad Mid-Term investment with a projected -19.9% first-year return on $542k initial cash invested.
-19.9%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$11,910
Rent
-$8,987
Cashflow
Cash Flow
$11,910 income − $20,897 expenses = $8,987 out of pocket
Investment Breakdown
|
Purchase Price
$2495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$542k
Downpayment
20%
$499k
Closing costs
1%
$24,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,910
Total Expenses
$20,897
Mortgage P&I
115%
$13,647
Property Taxes
20%
$2,329
Home Insurance
7%
$873
HOA
0%
$0
Property Management
12%
$1,429
CapEx
4%
$476
Vacancy
3%
$357
Maintenance
4%
$476
Other
11%
$1,310