This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $531k initial cash invested.
-15.48%
Cash On Cash
3.33%
Cap Rate
0.52
DSCR
$13,080
Rent
-$6,845
Cashflow
Cash Flow
$13,080 income − $19,925 expenses = $6,845 out of pocket
Investment Breakdown
|
Purchase Price
$2441k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$531k
Downpayment
20%
$488k
Closing costs
1%
$24,405
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,080
Total Expenses
$19,925
Mortgage P&I
100%
$13,092
Property Taxes
11%
$1,373
Home Insurance
8%
$1,013
HOA
0%
$0
Property Management
12%
$1,570
CapEx
4%
$523
Vacancy
3%
$392
Maintenance
4%
$523
Other
11%
$1,439