This property looks like a bad Mid-Term investment with a projected -23.98% first-year return on $445k initial cash invested.
-23.98%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$7,956
Rent
-$8,885
Cashflow
Cash Flow
$7,956 income − $16,841 expenses = $8,885 out of pocket
Investment Breakdown
|
Purchase Price
$2032k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$445k
Downpayment
20%
$406k
Closing costs
1%
$20,318
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,956
Total Expenses
$16,841
Mortgage P&I
140%
$11,114
Property Taxes
26%
$2,060
Home Insurance
9%
$752
HOA
3%
$210
Property Management
12%
$955
CapEx
4%
$318
Vacancy
3%
$239
Maintenance
4%
$318
Other
11%
$875