This property looks like a bad Mid-Term investment with a projected -16.52% first-year return on $459k initial cash invested.
-16.52%
Cash On Cash
3.23%
Cap Rate
0.49
DSCR
$12,045
Rent
-$6,320
Cashflow
Cash Flow
$12,045 income − $18,365 expenses = $6,320 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
7.3%
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
$12,045
Total Expenses
$18,365
Mortgage P&I
95%
$11,487
Property Taxes
17%
$2,048
Home Insurance
6%
$735
HOA
0%
$0
Property Management
12%
$1,445
CapEx
4%
$482
Vacancy
3%
$361
Maintenance
4%
$482
Other
11%
$1,325