This property looks like a bad Mid-Term investment with a projected -21.04% first-year return on $480k initial cash invested.
-21.04%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$7,194
Rent
-$8,414
Cashflow
Cash Flow
$7,194 income − $15,608 expenses = $8,414 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$21,999
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,194
Total Expenses
$15,608
Mortgage P&I
168%
$12,075
Property Taxes
4%
$317
Home Insurance
11%
$770
HOA
0%
$0
Property Management
12%
$863
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$791