This property looks like a bad Mid-Term investment with a projected -24.87% first-year return on $454k initial cash invested.
-24.87%
Cash On Cash
1.35%
Cap Rate
0.2
DSCR
$7,401
Rent
-$9,410
Cashflow
Cash Flow
$7,401 income − $16,811 expenses = $9,410 out of pocket
Investment Breakdown
|
Purchase Price
$2076k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$454k
Downpayment
20%
$415k
Closing costs
1%
$20,764
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,401
Total Expenses
$16,811
Mortgage P&I
155%
$11,447
Property Taxes
28%
$2,096
Home Insurance
10%
$752
HOA
0%
$0
Property Management
12%
$888
CapEx
4%
$296
Vacancy
3%
$222
Maintenance
4%
$296
Other
11%
$814