This property looks like a bad Mid-Term investment with a projected -22.97% first-year return on $456k initial cash invested.
-22.97%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$5,889
Rent
-$8,733
Cashflow
Cash Flow
$5,889 income − $14,622 expenses = $8,733 out of pocket
Investment Breakdown
|
Purchase Price
$2087k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$456k
Downpayment
20%
$417k
Closing costs
1%
$20,870
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,889
Total Expenses
$14,622
Mortgage P&I
200%
$11,755
Property Taxes
2%
$133
Home Insurance
12%
$730
HOA
0%
$0
Property Management
12%
$707
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$648