This property looks like a bad Mid-Term investment with a projected -21.14% first-year return on $422k initial cash invested.
-21.14%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$8,247
Rent
-$7,435
Cashflow
Cash Flow
$8,247 income − $15,682 expenses = $7,435 out of pocket
Investment Breakdown
|
Purchase Price
$1924k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$422k
Downpayment
20%
$385k
Closing costs
1%
$19,244
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,247
Total Expenses
$15,682
Mortgage P&I
127%
$10,511
Property Taxes
19%
$1,580
Home Insurance
7%
$577
HOA
3%
$210
Property Management
12%
$990
CapEx
4%
$330
Vacancy
3%
$247
Maintenance
4%
$330
Other
11%
$907