This property looks like a bad Mid-Term investment with a projected -27.18% first-year return on $459k initial cash invested.
-27.18%
Cash On Cash
0.21%
Cap Rate
0.03
DSCR
$2,130
Rent
-$10,397
Cashflow
Cash Flow
$2,130 income − $12,527 expenses = $10,397 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$459k
Downpayment
20%
$420k
Closing costs
1%
$21,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,130
Total Expenses
$12,527
Mortgage P&I
501%
$10,675
Property Taxes
18%
$393
Home Insurance
35%
$735
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$234