This property looks like a bad Mid-Term investment with a projected -22.67% first-year return on $446k initial cash invested.
-22.67%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$6,610
Rent
-$8,432
Cashflow
Cash Flow
$6,610 income − $15,042 expenses = $8,432 out of pocket
Investment Breakdown
|
Purchase Price
$2040k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$446k
Downpayment
20%
$408k
Closing costs
1%
$20,401
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,610
Total Expenses
$15,042
Mortgage P&I
164%
$10,824
Property Taxes
18%
$1,204
Home Insurance
12%
$768
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727