This property looks like a bad Mid-Term investment with a projected -28.33% first-year return on $481k initial cash invested.
-28.33%
Cash On Cash
0%
Cap Rate
0
DSCR
$4,866
Rent
-$11,363
Cashflow
Cash Flow
$4,866 income − $16,229 expenses = $11,363 out of pocket
Investment Breakdown
|
Purchase Price
$2206k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$481k
Downpayment
20%
$441k
Closing costs
1%
$22,059
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,866
Total Expenses
$16,229
Mortgage P&I
230%
$11,175
Property Taxes
54%
$2,611
Home Insurance
16%
$788
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535