This property looks like a bad Mid-Term investment with a projected -22.13% first-year return on $428k initial cash invested.
-22.13%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$6,195
Rent
-$7,885
Cashflow
Cash Flow
$6,195 income − $14,080 expenses = $7,885 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$428k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,195
Total Expenses
$14,080
Mortgage P&I
174%
$10,792
Property Taxes
8%
$500
Home Insurance
11%
$682
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681