This property looks like a bad Mid-Term investment with a projected -11.64% first-year return on $449k initial cash invested.
-11.64%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$11,844
Rent
-$4,350
Cashflow
Cash Flow
$11,844 income − $16,194 expenses = $4,350 out of pocket
Investment Breakdown
|
Purchase Price
$2050k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$449k
Downpayment
20%
$410k
Closing costs
1%
$20,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,844
Total Expenses
$16,194
Mortgage P&I
95%
$11,195
Property Taxes
2%
$254
Home Insurance
6%
$718
HOA
0%
$0
Property Management
12%
$1,421
CapEx
4%
$474
Vacancy
3%
$355
Maintenance
4%
$474
Other
11%
$1,303