This property looks like a bad Mid-Term investment with a projected -23% first-year return on $425k initial cash invested.
-23%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$11,310
Rent
-$8,152
Cashflow
Cash Flow
$11,310 income − $19,462 expenses = $8,152 out of pocket
Investment Breakdown
|
Purchase Price
$1940k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$425k
Downpayment
20%
$388k
Closing costs
1%
$19,396
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,310
Total Expenses
$19,462
Mortgage P&I
97%
$10,983
Property Taxes
33%
$3,777
Home Insurance
8%
$858
HOA
0%
$0
Property Management
12%
$1,357
CapEx
4%
$452
Vacancy
3%
$339
Maintenance
4%
$452
Other
11%
$1,244