This property looks like a bad Mid-Term investment with a projected -24.52% first-year return on $438k initial cash invested.
-24.52%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$6,327
Rent
-$8,950
Cashflow
Cash Flow
$6,327 income − $15,277 expenses = $8,950 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,327
Total Expenses
$15,277
Mortgage P&I
167%
$10,593
Property Taxes
29%
$1,833
Home Insurance
11%
$700
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696