This property looks like a bad Mid-Term investment with a projected -19.86% first-year return on $427k initial cash invested.
-19.86%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$10,500
Rent
-$7,059
Cashflow
Cash Flow
$10,500 income − $17,559 expenses = $7,059 out of pocket
Investment Breakdown
|
Purchase Price
$1946k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$427k
Downpayment
20%
$389k
Closing costs
1%
$19,457
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,500
Total Expenses
$17,559
Mortgage P&I
100%
$10,482
Property Taxes
19%
$2,027
Home Insurance
8%
$803
HOA
6%
$677
Property Management
12%
$1,260
CapEx
4%
$420
Vacancy
3%
$315
Maintenance
4%
$420
Other
11%
$1,155