This property looks like a bad Mid-Term investment with a projected -24.36% first-year return on $437k initial cash invested.
-24.36%
Cash On Cash
1.24%
Cap Rate
0.19
DSCR
$5,132
Rent
-$8,869
Cashflow
Cash Flow
$5,132 income − $14,001 expenses = $8,869 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$437k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,132
Total Expenses
$14,001
Mortgage P&I
209%
$10,732
Property Taxes
14%
$709
Home Insurance
14%
$698
HOA
2%
$117
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565