This property looks like a bad Mid-Term investment with a projected -17.12% first-year return on $508k initial cash invested.
-17.12%
Cash On Cash
3.23%
Cap Rate
0.48
DSCR
$13,539
Rent
-$7,246
Cashflow
Cash Flow
$13,539 income − $20,785 expenses = $7,246 out of pocket
Investment Breakdown
|
Purchase Price
$2332k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$508k
Downpayment
20%
$466k
Closing costs
1%
$23,323
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,539
Total Expenses
$20,785
Mortgage P&I
96%
$12,981
Property Taxes
17%
$2,360
Home Insurance
6%
$840
HOA
0%
$0
Property Management
12%
$1,625
CapEx
4%
$542
Vacancy
3%
$406
Maintenance
4%
$542
Other
11%
$1,489