This property looks like a bad Mid-Term investment with a projected -21.25% first-year return on $428k initial cash invested.
-21.25%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$6,968
Rent
-$7,572
Cashflow
Cash Flow
$6,968 income − $14,540 expenses = $7,572 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
6.8%
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
$6,968
Total Expenses
$14,540
Mortgage P&I
146%
$10,153
Property Taxes
19%
$1,336
Home Insurance
10%
$682
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$766