This property looks like a bad Mid-Term investment with a projected -21.13% first-year return on $570k initial cash invested.
-21.13%
Cash On Cash
1.77%
Cap Rate
0.29
DSCR
$10,474
Rent
-$10,026
Cashflow
Cash Flow
$10,474 income − $20,500 expenses = $10,026 out of pocket
Investment Breakdown
|
Purchase Price
$2626k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$570k
Downpayment
20%
$525k
Closing costs
1%
$26,262
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,474
Total Expenses
$20,500
Mortgage P&I
129%
$13,474
Property Taxes
24%
$2,498
Home Insurance
9%
$954
HOA
0%
$13
Property Management
12%
$1,257
CapEx
4%
$419
Vacancy
3%
$314
Maintenance
4%
$419
Other
11%
$1,152