This property looks like a bad Mid-Term investment with a projected -23.55% first-year return on $503k initial cash invested.
-23.55%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$11,636
Rent
-$9,871
Cashflow
Cash Flow
$11,636 income − $21,507 expenses = $9,871 out of pocket
Investment Breakdown
|
Purchase Price
$2309k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$503k
Downpayment
20%
$462k
Closing costs
1%
$23,092
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,636
Total Expenses
$21,507
Mortgage P&I
112%
$13,022
Property Taxes
32%
$3,692
Home Insurance
7%
$838
HOA
0%
$0
Property Management
12%
$1,396
CapEx
4%
$465
Vacancy
3%
$349
Maintenance
4%
$465
Other
11%
$1,280