This property looks like a bad Mid-Term investment with a projected -29.85% first-year return on $440k initial cash invested.
-29.85%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$4,214
Rent
-$10,952
Cashflow
Cash Flow
$4,214 income − $15,166 expenses = $10,952 out of pocket
Investment Breakdown
|
Purchase Price
$2011k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$440k
Downpayment
20%
$402k
Closing costs
1%
$20,107
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,214
Total Expenses
$15,166
Mortgage P&I
263%
$11,089
Property Taxes
45%
$1,908
Home Insurance
17%
$735
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464