This property looks like a bad Mid-Term investment with a projected -25.67% first-year return on $467k initial cash invested.
-25.67%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$6,344
Rent
-$9,984
Cashflow
Cash Flow
$6,344 income − $16,328 expenses = $9,984 out of pocket
Investment Breakdown
|
Purchase Price
$2137k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$467k
Downpayment
20%
$427k
Closing costs
1%
$21,370
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,344
Total Expenses
$16,328
Mortgage P&I
187%
$11,856
Property Taxes
21%
$1,337
Home Insurance
12%
$770
HOA
3%
$208
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698