This property looks like a bad Mid-Term investment with a projected -21.32% first-year return on $491k initial cash invested.
-21.32%
Cash On Cash
1.56%
Cap Rate
0.26
DSCR
$10,263
Rent
-$8,715
Cashflow
Cash Flow
$10,263 income − $18,978 expenses = $8,715 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.4%
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
$10,263
Total Expenses
$18,978
Mortgage P&I
109%
$11,230
Property Taxes
34%
$3,469
Home Insurance
8%
$788
HOA
0%
$0
Property Management
12%
$1,232
CapEx
4%
$411
Vacancy
3%
$308
Maintenance
4%
$411
Other
11%
$1,129