This property looks like a bad Mid-Term investment with a projected -27.6% first-year return on $669k initial cash invested.
-27.6%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$4,353
Rent
-$15,386
Cashflow
Cash Flow
$4,353 income − $19,739 expenses = $15,386 out of pocket
Investment Breakdown
|
Purchase Price
$3100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$669k
Downpayment
20%
$620k
Closing costs
1%
$31,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,353
Total Expenses
$19,739
Mortgage P&I
361%
$15,726
Property Taxes
33%
$1,448
Home Insurance
25%
$1,085
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479