This property looks like a bad Mid-Term investment with a projected -22.21% first-year return on $666k initial cash invested.
-22.21%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$11,733
Rent
-$12,329
Cashflow
Cash Flow
$11,733 income − $24,062 expenses = $12,329 out of pocket
Investment Breakdown
|
Purchase Price
$3087k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$666k
Downpayment
20%
$617k
Closing costs
1%
$30,870
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,733
Total Expenses
$24,062
Mortgage P&I
135%
$15,813
Property Taxes
27%
$3,142
Home Insurance
10%
$1,118
HOA
0%
$0
Property Management
12%
$1,408
CapEx
4%
$469
Vacancy
3%
$352
Maintenance
4%
$469
Other
11%
$1,291