This property looks like a bad Mid-Term investment with a projected -25.98% first-year return on $428k initial cash invested.
-25.98%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$4,152
Rent
-$9,257
Cashflow
Cash Flow
$4,152 income − $13,409 expenses = $9,257 out of pocket
Investment Breakdown
|
Purchase Price
$1951k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$428k
Downpayment
20%
$390k
Closing costs
1%
$19,507
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,152
Total Expenses
$13,409
Mortgage P&I
257%
$10,690
Property Taxes
15%
$607
Home Insurance
17%
$700
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457