This property looks like a bad Mid-Term investment with a projected -29.32% first-year return on $438k initial cash invested.
-29.32%
Cash On Cash
-0.34%
Cap Rate
-0.06
DSCR
$2,670
Rent
-$10,693
Cashflow
Cash Flow
$2,670 income − $13,363 expenses = $10,693 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$19,985
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,670
Total Expenses
$13,363
Mortgage P&I
375%
$10,023
Property Taxes
65%
$1,732
Home Insurance
26%
$700
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294