This property looks like a bad Mid-Term investment with a projected -18.72% first-year return on $448k initial cash invested.
-18.72%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$9,672
Rent
-$6,990
Cashflow
Cash Flow
$9,672 income − $16,662 expenses = $6,990 out of pocket
Investment Breakdown
|
Purchase Price
$2048k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$448k
Downpayment
20%
$410k
Closing costs
1%
$20,477
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,672
Total Expenses
$16,662
Mortgage P&I
113%
$10,913
Property Taxes
18%
$1,762
Home Insurance
7%
$698
HOA
0%
$0
Property Management
12%
$1,161
CapEx
4%
$387
Vacancy
3%
$290
Maintenance
4%
$387
Other
11%
$1,064