This property looks like a bad Mid-Term investment with a projected -18.58% first-year return on $458k initial cash invested.
-18.58%
Cash On Cash
2.91%
Cap Rate
0.43
DSCR
$10,392
Rent
-$7,089
Cashflow
Cash Flow
$10,392 income − $17,481 expenses = $7,089 out of pocket
Investment Breakdown
|
Purchase Price
$2095k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$458k
Downpayment
20%
$419k
Closing costs
1%
$20,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,392
Total Expenses
$17,481
Mortgage P&I
113%
$11,749
Property Taxes
14%
$1,465
Home Insurance
7%
$733
HOA
0%
$0
Property Management
12%
$1,247
CapEx
4%
$416
Vacancy
3%
$312
Maintenance
4%
$416
Other
11%
$1,143