This property looks like a bad Mid-Term investment with a projected -29.46% first-year return on $803k initial cash invested.
-29.46%
Cash On Cash
0.22%
Cap Rate
0.03
DSCR
$4,574
Rent
-$19,721
Cashflow
Cash Flow
$4,574 income − $24,295 expenses = $19,721 out of pocket
Investment Breakdown
|
Purchase Price
$3739k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$803k
Downpayment
20%
$748k
Closing costs
1%
$37,392
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$4,574
Total Expenses
$24,295
Mortgage P&I
442%
$20,216
Property Taxes
25%
$1,142
Home Insurance
30%
$1,382
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503