This property looks like a bad Mid-Term investment with a projected -34.42% first-year return on $1907k initial cash invested.
-34.42%
Cash On Cash
-1.17%
Cap Rate
-0.19
DSCR
$11,824
Rent
-$54,696
Cashflow
Cash Flow
$11,824 income − $66,520 expenses = $54,696 out of pocket
Investment Breakdown
|
Purchase Price
$8995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$1907k
Downpayment
20%
$1799k
Closing costs
1%
$89,950
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,824
Total Expenses
$66,520
Mortgage P&I
385%
$45,484
Property Taxes
117%
$13,867
Home Insurance
27%
$3,148
HOA
0%
$0
Property Management
12%
$1,419
CapEx
4%
$473
Vacancy
3%
$355
Maintenance
4%
$473
Other
11%
$1,301