This property looks like a bad Mid-Term investment with a projected -23.6% first-year return on $436k initial cash invested.
-23.6%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$4,462
Rent
-$8,573
Cashflow
Cash Flow
$4,462 income − $13,035 expenses = $8,573 out of pocket
Investment Breakdown
|
Purchase Price
$1990k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$436k
Downpayment
20%
$398k
Closing costs
1%
$19,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,462
Total Expenses
$13,035
Mortgage P&I
222%
$9,906
Property Taxes
21%
$917
Home Insurance
16%
$696
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491