This property looks like a bad Mid-Term investment with a projected -21.86% first-year return on $480k initial cash invested.
-21.86%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$9,132
Rent
-$8,751
Cashflow
Cash Flow
$9,132 income − $17,883 expenses = $8,751 out of pocket
Investment Breakdown
|
Purchase Price
$2202k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$22,020
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,132
Total Expenses
$17,883
Mortgage P&I
130%
$11,846
Property Taxes
24%
$2,162
Home Insurance
8%
$770
HOA
0%
$0
Property Management
12%
$1,096
CapEx
4%
$365
Vacancy
3%
$274
Maintenance
4%
$365
Other
11%
$1,005