This property looks like a bad Mid-Term investment with a projected -20.91% first-year return on $471k initial cash invested.
-20.91%
Cash On Cash
2.2%
Cap Rate
0.34
DSCR
$9,633
Rent
-$8,203
Cashflow
Cash Flow
$9,633 income − $17,836 expenses = $8,203 out of pocket
Investment Breakdown
|
Purchase Price
$2156k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$471k
Downpayment
20%
$431k
Closing costs
1%
$21,560
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,633
Total Expenses
$17,836
Mortgage P&I
122%
$11,776
Property Taxes
21%
$2,025
Home Insurance
8%
$760
HOA
0%
$0
Property Management
12%
$1,156
CapEx
4%
$385
Vacancy
3%
$289
Maintenance
4%
$385
Other
11%
$1,060