This property looks like a bad Mid-Term investment with a projected -20.37% first-year return on $447k initial cash invested.
-20.37%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$6,699
Rent
-$7,588
Cashflow
Cash Flow
$6,699 income − $14,287 expenses = $7,588 out of pocket
Investment Breakdown
|
Purchase Price
$2043k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$447k
Downpayment
20%
$409k
Closing costs
1%
$20,429
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,699
Total Expenses
$14,287
Mortgage P&I
153%
$10,223
Property Taxes
15%
$1,018
Home Insurance
11%
$768
HOA
0%
$0
Property Management
12%
$804
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$737