This property looks like a bad Mid-Term investment with a projected -23.87% first-year return on $442k initial cash invested.
-23.87%
Cash On Cash
1.66%
Cap Rate
0.25
DSCR
$7,185
Rent
-$8,798
Cashflow
Cash Flow
$7,185 income − $15,983 expenses = $8,798 out of pocket
Investment Breakdown
|
Purchase Price
$2021k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$442k
Downpayment
20%
$404k
Closing costs
1%
$20,206
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,185
Total Expenses
$15,983
Mortgage P&I
157%
$11,303
Property Taxes
21%
$1,504
Home Insurance
10%
$734
HOA
0%
$0
Property Management
12%
$862
CapEx
4%
$287
Vacancy
3%
$216
Maintenance
4%
$287
Other
11%
$790