This property looks like a bad Mid-Term investment with a projected -17.9% first-year return on $479k initial cash invested.
-17.9%
Cash On Cash
3.09%
Cap Rate
0.46
DSCR
$12,264
Rent
-$7,146
Cashflow
Cash Flow
$12,264 income − $19,410 expenses = $7,146 out of pocket
Investment Breakdown
|
Purchase Price
$2195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$479k
Downpayment
20%
$439k
Closing costs
1%
$21,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,264
Total Expenses
$19,410
Mortgage P&I
100%
$12,313
Property Taxes
18%
$2,158
Home Insurance
6%
$768
HOA
0%
$0
Property Management
12%
$1,472
CapEx
4%
$491
Vacancy
3%
$368
Maintenance
4%
$491
Other
11%
$1,349