This property looks like a bad Mid-Term investment with a projected -32.63% first-year return on $1436k initial cash invested.
-32.63%
Cash On Cash
-0.87%
Cap Rate
-0.15
DSCR
$11,248
Rent
-$39,033
Cashflow
Cash Flow
$11,248 income − $50,281 expenses = $39,033 out of pocket
Investment Breakdown
|
Purchase Price
$6750k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1436k
Downpayment
20%
$1350k
Closing costs
1%
$67,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$11,248
Total Expenses
$50,281
Mortgage P&I
300%
$33,689
Property Taxes
93%
$10,406
Home Insurance
21%
$2,362
HOA
0%
$0
Property Management
12%
$1,350
CapEx
4%
$450
Vacancy
3%
$337
Maintenance
4%
$450
Other
11%
$1,237