This property looks like a bad Mid-Term investment with a projected -21.47% first-year return on $441k initial cash invested.
-21.47%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$8,548
Rent
-$7,896
Cashflow
Cash Flow
$8,548 income − $16,444 expenses = $7,896 out of pocket
Investment Breakdown
|
Purchase Price
$2015k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$441k
Downpayment
20%
$403k
Closing costs
1%
$20,154
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,548
Total Expenses
$16,444
Mortgage P&I
129%
$11,008
Property Taxes
22%
$1,866
Home Insurance
8%
$664
HOA
0%
$0
Property Management
12%
$1,026
CapEx
4%
$342
Vacancy
3%
$256
Maintenance
4%
$342
Other
11%
$940