This property looks like a bad Mid-Term investment with a projected -24.82% first-year return on $422k initial cash invested.
-24.82%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$4,719
Rent
-$8,733
Cashflow
Cash Flow
$4,719 income − $13,452 expenses = $8,733 out of pocket
Investment Breakdown
|
Purchase Price
$1925k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$422k
Downpayment
20%
$385k
Closing costs
1%
$19,246
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,719
Total Expenses
$13,452
Mortgage P&I
222%
$10,460
Property Taxes
15%
$687
Home Insurance
14%
$662
HOA
1%
$38
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519