This property looks like a bad Mid-Term investment with a projected -22.02% first-year return on $433k initial cash invested.
-22.02%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$7,940
Rent
-$7,945
Cashflow
Cash Flow
$7,940 income − $15,885 expenses = $7,945 out of pocket
Investment Breakdown
|
Purchase Price
$1977k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$433k
Downpayment
20%
$395k
Closing costs
1%
$19,765
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,940
Total Expenses
$15,885
Mortgage P&I
133%
$10,526
Property Taxes
20%
$1,596
Home Insurance
9%
$716
HOA
4%
$347
Property Management
12%
$953
CapEx
4%
$318
Vacancy
3%
$238
Maintenance
4%
$318
Other
11%
$873