This property looks like a bad Mid-Term investment with a projected -28.23% first-year return on $648k initial cash invested.
-28.23%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$5,178
Rent
-$15,243
Cashflow
Cash Flow
$5,178 income − $20,421 expenses = $15,243 out of pocket
Investment Breakdown
|
Purchase Price
$3000k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$648k
Downpayment
20%
$600k
Closing costs
1%
$30,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,178
Total Expenses
$20,421
Mortgage P&I
329%
$17,013
Property Taxes
12%
$598
Home Insurance
20%
$1,050
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$570