This property looks like a bad Mid-Term investment with a projected -22.5% first-year return on $674k initial cash invested.
-22.5%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$13,172
Rent
-$12,639
Cashflow
Cash Flow
$13,172 income − $25,811 expenses = $12,639 out of pocket
Investment Breakdown
|
Purchase Price
$3125k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$674k
Downpayment
20%
$625k
Closing costs
1%
$31,247
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,172
Total Expenses
$25,811
Mortgage P&I
130%
$17,066
Property Taxes
24%
$3,146
Home Insurance
9%
$1,120
HOA
0%
$0
Property Management
12%
$1,581
CapEx
4%
$527
Vacancy
3%
$395
Maintenance
4%
$527
Other
11%
$1,449