This property looks like a bad Mid-Term investment with a projected -21.24% first-year return on $437k initial cash invested.
-21.24%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$8,673
Rent
-$7,735
Cashflow
Cash Flow
$8,673 income − $16,408 expenses = $7,735 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$437k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,673
Total Expenses
$16,408
Mortgage P&I
126%
$10,899
Property Taxes
21%
$1,862
Home Insurance
8%
$698
HOA
0%
$0
Property Management
12%
$1,041
CapEx
4%
$347
Vacancy
3%
$260
Maintenance
4%
$347
Other
11%
$954