This property looks like a bad Mid-Term investment with a projected -25.18% first-year return on $848k initial cash invested.
-25.18%
Cash On Cash
0.78%
Cap Rate
0.13
DSCR
$7,371
Rent
-$17,783
Cashflow
Cash Flow
$7,371 income − $25,154 expenses = $17,783 out of pocket
Investment Breakdown
|
Purchase Price
$3950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$848k
Downpayment
20%
$790k
Closing costs
1%
$39,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$7,371
Total Expenses
$25,154
Mortgage P&I
272%
$20,057
Property Taxes
16%
$1,208
Home Insurance
19%
$1,382
HOA
0%
$0
Property Management
12%
$885
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$811