This property looks like a bad Mid-Term investment with a projected -27.56% first-year return on $441k initial cash invested.
-27.56%
Cash On Cash
0.92%
Cap Rate
0.13
DSCR
$4,870
Rent
-$10,133
Cashflow
Cash Flow
$4,870 income − $15,003 expenses = $10,133 out of pocket
Investment Breakdown
|
Purchase Price
$2015k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$441k
Downpayment
20%
$403k
Closing costs
1%
$20,151
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,870
Total Expenses
$15,003
Mortgage P&I
236%
$11,480
Property Taxes
17%
$835
Home Insurance
21%
$1,032
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536