This property looks like a bad Mid-Term investment with a projected -25.45% first-year return on $559k initial cash invested.
-25.45%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$7,242
Rent
-$11,846
Cashflow
Cash Flow
$7,242 income − $19,088 expenses = $11,846 out of pocket
Investment Breakdown
|
Purchase Price
$2574k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$559k
Downpayment
20%
$515k
Closing costs
1%
$25,744
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,242
Total Expenses
$19,088
Mortgage P&I
197%
$14,236
Property Taxes
20%
$1,421
Home Insurance
13%
$968
HOA
0%
$0
Property Management
12%
$869
CapEx
4%
$290
Vacancy
3%
$217
Maintenance
4%
$290
Other
11%
$797