This property looks like a bad Mid-Term investment with a projected -24.5% first-year return on $511k initial cash invested.
-24.5%
Cash On Cash
1.12%
Cap Rate
0.18
DSCR
$6,626
Rent
-$10,437
Cashflow
Cash Flow
$6,626 income − $17,063 expenses = $10,437 out of pocket
Investment Breakdown
|
Purchase Price
$2349k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$511k
Downpayment
20%
$470k
Closing costs
1%
$23,485
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,626
Total Expenses
$17,063
Mortgage P&I
187%
$12,360
Property Taxes
24%
$1,610
Home Insurance
13%
$840
HOA
0%
$0
Property Management
12%
$795
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$729