This property looks like a bad Mid-Term investment with a projected -21.51% first-year return on $438k initial cash invested.
-21.51%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$9,026
Rent
-$7,846
Cashflow
Cash Flow
$9,026 income − $16,872 expenses = $7,846 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$19,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,026
Total Expenses
$16,872
Mortgage P&I
119%
$10,706
Property Taxes
27%
$2,397
Home Insurance
8%
$700
HOA
0%
$0
Property Management
12%
$1,083
CapEx
4%
$361
Vacancy
3%
$271
Maintenance
4%
$361
Other
11%
$993