This property looks like a bad Mid-Term investment with a projected -25.59% first-year return on $468k initial cash invested.
-25.59%
Cash On Cash
0.55%
Cap Rate
0.09
DSCR
$5,292
Rent
-$9,971
Cashflow
Cash Flow
$5,292 income − $15,263 expenses = $9,971 out of pocket
Investment Breakdown
|
Purchase Price
$2141k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$468k
Downpayment
20%
$428k
Closing costs
1%
$21,408
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,292
Total Expenses
$15,263
Mortgage P&I
203%
$10,741
Property Taxes
34%
$1,814
Home Insurance
17%
$908
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582