This property looks like a bad Mid-Term investment with a projected -26.98% first-year return on $711k initial cash invested.
-26.98%
Cash On Cash
0.94%
Cap Rate
0.14
DSCR
$7,568
Rent
-$15,991
Cashflow
Cash Flow
$7,568 income − $23,559 expenses = $15,991 out of pocket
Investment Breakdown
|
Purchase Price
$3301k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$711k
Downpayment
20%
$660k
Closing costs
1%
$33,010
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,568
Total Expenses
$23,559
Mortgage P&I
241%
$18,268
Property Taxes
17%
$1,310
Home Insurance
16%
$1,225
HOA
2%
$183
Property Management
12%
$908
CapEx
4%
$303
Vacancy
3%
$227
Maintenance
4%
$303
Other
11%
$832