This property looks like a bad Mid-Term investment with a projected -23.78% first-year return on $480k initial cash invested.
-23.78%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$5,823
Rent
-$9,514
Cashflow
Cash Flow
$5,823 income − $15,337 expenses = $9,514 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,823
Total Expenses
$15,337
Mortgage P&I
193%
$11,209
Property Taxes
24%
$1,377
Home Insurance
13%
$770
HOA
0%
$0
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641