This property looks like a bad Mid-Term investment with a projected -16.42% first-year return on $417k initial cash invested.
-16.42%
Cash On Cash
2.9%
Cap Rate
0.46
DSCR
$8,710
Rent
-$5,710
Cashflow
Cash Flow
$8,710 income − $14,420 expenses = $5,710 out of pocket
Investment Breakdown
|
Purchase Price
$1901k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$417k
Downpayment
20%
$380k
Closing costs
1%
$19,010
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,710
Total Expenses
$14,420
Mortgage P&I
114%
$9,955
Property Taxes
9%
$805
Home Insurance
8%
$700
HOA
0%
$0
Property Management
12%
$1,045
CapEx
4%
$348
Vacancy
3%
$261
Maintenance
4%
$348
Other
11%
$958