This property looks like a bad Mid-Term investment with a projected -21.67% first-year return on $485k initial cash invested.
-21.67%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$9,772
Rent
-$8,758
Cashflow
Cash Flow
$9,772 income − $18,530 expenses = $8,758 out of pocket
Investment Breakdown
|
Purchase Price
$2224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$485k
Downpayment
20%
$445k
Closing costs
1%
$22,241
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,772
Total Expenses
$18,530
Mortgage P&I
125%
$12,166
Property Taxes
23%
$2,238
Home Insurance
8%
$803
HOA
0%
$0
Property Management
12%
$1,173
CapEx
4%
$391
Vacancy
3%
$293
Maintenance
4%
$391
Other
11%
$1,075