This property looks like a bad Mid-Term investment with a projected -14.55% first-year return on $428k initial cash invested.
-14.55%
Cash On Cash
3.16%
Cap Rate
0.52
DSCR
$11,145
Rent
-$5,189
Cashflow
Cash Flow
$11,145 income − $16,334 expenses = $5,189 out of pocket
Investment Breakdown
|
Purchase Price
$1952k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$428k
Downpayment
20%
$390k
Closing costs
1%
$19,522
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,145
Total Expenses
$16,334
Mortgage P&I
89%
$9,885
Property Taxes
18%
$1,962
Home Insurance
6%
$698
HOA
0%
$0
Property Management
12%
$1,337
CapEx
4%
$446
Vacancy
3%
$334
Maintenance
4%
$446
Other
11%
$1,226