This property looks like a bad Mid-Term investment with a projected -16.52% first-year return on $420k initial cash invested.
-16.52%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$9,123
Rent
-$5,787
Cashflow
Cash Flow
$9,123 income − $14,910 expenses = $5,787 out of pocket
Investment Breakdown
|
Purchase Price
$1916k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$383k
Closing costs
1%
$19,155
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,123
Total Expenses
$14,910
Mortgage P&I
107%
$9,748
Property Taxes
15%
$1,364
Home Insurance
8%
$695
HOA
0%
$0
Property Management
12%
$1,095
CapEx
4%
$365
Vacancy
3%
$274
Maintenance
4%
$365
Other
11%
$1,004