This property looks like a bad Mid-Term investment with a projected -15.98% first-year return on $437k initial cash invested.
-15.98%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$10,232
Rent
-$5,818
Cashflow
Cash Flow
$10,232 income − $16,050 expenses = $5,818 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
6.5%
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
$10,232
Total Expenses
$16,050
Mortgage P&I
98%
$10,044
Property Taxes
18%
$1,829
Home Insurance
7%
$698
HOA
0%
$0
Property Management
12%
$1,228
CapEx
4%
$409
Vacancy
3%
$307
Maintenance
4%
$409
Other
11%
$1,126