This property looks like a bad Mid-Term investment with a projected -11.88% first-year return on $452k initial cash invested.
-11.88%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$13,143
Rent
-$4,476
Cashflow
Cash Flow
$13,143 income − $17,619 expenses = $4,476 out of pocket
Investment Breakdown
|
Purchase Price
$2067k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$452k
Downpayment
20%
$413k
Closing costs
1%
$20,665
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,143
Total Expenses
$17,619
Mortgage P&I
84%
$11,086
Property Taxes
8%
$1,032
Home Insurance
8%
$1,032
HOA
0%
$0
Property Management
12%
$1,577
CapEx
4%
$526
Vacancy
3%
$394
Maintenance
4%
$526
Other
11%
$1,446