This property looks like a bad Mid-Term investment with a projected -21.65% first-year return on $438k initial cash invested.
-21.65%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$7,390
Rent
-$7,902
Cashflow
Cash Flow
$7,390 income − $15,292 expenses = $7,902 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,390
Total Expenses
$15,292
Mortgage P&I
144%
$10,645
Property Taxes
19%
$1,433
Home Insurance
9%
$700
HOA
0%
$0
Property Management
12%
$887
CapEx
4%
$296
Vacancy
3%
$222
Maintenance
4%
$296
Other
11%
$813