This property looks like a bad Mid-Term investment with a projected -18.67% first-year return on $448k initial cash invested.
-18.67%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$9,864
Rent
-$6,966
Cashflow
Cash Flow
$9,864 income − $16,830 expenses = $6,966 out of pocket
Investment Breakdown
|
Purchase Price
$2046k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$448k
Downpayment
20%
$409k
Closing costs
1%
$20,461
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,864
Total Expenses
$16,830
Mortgage P&I
113%
$11,179
Property Taxes
17%
$1,670
Home Insurance
6%
$626
HOA
0%
$0
Property Management
12%
$1,184
CapEx
4%
$395
Vacancy
3%
$296
Maintenance
4%
$395
Other
11%
$1,085