This property looks like a bad Mid-Term investment with a projected -21.21% first-year return on $462k initial cash invested.
-21.21%
Cash On Cash
2.26%
Cap Rate
0.34
DSCR
$9,861
Rent
-$8,160
Cashflow
Cash Flow
$9,861 income − $18,021 expenses = $8,160 out of pocket
Investment Breakdown
|
Purchase Price
$2113k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$423k
Closing costs
1%
$21,130
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,861
Total Expenses
$18,021
Mortgage P&I
119%
$11,743
Property Taxes
22%
$2,158
Home Insurance
8%
$768
HOA
0%
$0
Property Management
12%
$1,183
CapEx
4%
$394
Vacancy
3%
$296
Maintenance
4%
$394
Other
11%
$1,085