This property looks like a bad Mid-Term investment with a projected -25.73% first-year return on $470k initial cash invested.
-25.73%
Cash On Cash
1.31%
Cap Rate
0.19
DSCR
$6,213
Rent
-$10,067
Cashflow
Cash Flow
$6,213 income − $16,280 expenses = $10,067 out of pocket
Investment Breakdown
|
Purchase Price
$2150k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$470k
Downpayment
20%
$430k
Closing costs
1%
$21,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,213
Total Expenses
$16,280
Mortgage P&I
196%
$12,174
Property Taxes
20%
$1,241
Home Insurance
12%
$752
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$186
Maintenance
4%
$249
Other
11%
$683