This property looks like a bad Mid-Term investment with a projected -15.65% first-year return on $433k initial cash invested.
-15.65%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$13,374
Rent
-$5,642
Cashflow
Cash Flow
$13,374 income − $19,016 expenses = $5,642 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$433k
Downpayment
20%
$395k
Closing costs
1%
$19,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,374
Total Expenses
$19,016
Mortgage P&I
80%
$10,733
Property Taxes
23%
$3,045
Home Insurance
5%
$691
HOA
0%
$0
Property Management
12%
$1,605
CapEx
4%
$535
Vacancy
3%
$401
Maintenance
4%
$535
Other
11%
$1,471