This property looks like a bad Mid-Term investment with a projected -22.47% first-year return on $491k initial cash invested.
-22.47%
Cash On Cash
1.31%
Cap Rate
0.22
DSCR
$5,268
Rent
-$9,183
Cashflow
Cash Flow
$5,268 income − $14,451 expenses = $9,183 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$491k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,268
Total Expenses
$14,451
Mortgage P&I
217%
$11,436
Property Taxes
8%
$436
Home Insurance
15%
$788
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579