This property looks like a bad Mid-Term investment with a projected -19.71% first-year return on $480k initial cash invested.
-19.71%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$9,008
Rent
-$7,879
Cashflow
Cash Flow
$9,008 income − $16,887 expenses = $7,879 out of pocket
Investment Breakdown
|
Purchase Price
$2199k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$21,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,008
Total Expenses
$16,887
Mortgage P&I
123%
$11,065
Property Taxes
22%
$1,990
Home Insurance
9%
$770
HOA
0%
$0
Property Management
12%
$1,081
CapEx
4%
$360
Vacancy
3%
$270
Maintenance
4%
$360
Other
11%
$991