This property looks like a bad Mid-Term investment with a projected -26.4% first-year return on $456k initial cash invested.
-26.4%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$6,868
Rent
-$10,028
Cashflow
Cash Flow
$6,868 income − $16,896 expenses = $10,028 out of pocket
Investment Breakdown
|
Purchase Price
$2085k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$456k
Downpayment
20%
$417k
Closing costs
1%
$20,849
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,868
Total Expenses
$16,896
Mortgage P&I
170%
$11,695
Property Taxes
31%
$2,114
Home Insurance
11%
$752
HOA
0%
$0
Property Management
12%
$824
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$755