This property looks like a bad Mid-Term investment with a projected -26.16% first-year return on $428k initial cash invested.
-26.16%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$3,861
Rent
-$9,318
Cashflow
Cash Flow
$3,861 income − $13,179 expenses = $9,318 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$428k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,861
Total Expenses
$13,179
Mortgage P&I
268%
$10,342
Property Taxes
22%
$843
Home Insurance
18%
$682
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$425