This property looks like a bad Mid-Term investment with a projected -27.07% first-year return on $479k initial cash invested.
-27.07%
Cash On Cash
1.16%
Cap Rate
0.17
DSCR
$7,170
Rent
-$10,803
Cashflow
Cash Flow
$7,170 income − $17,973 expenses = $10,803 out of pocket
Investment Breakdown
|
Purchase Price
$2195k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$479k
Downpayment
20%
$439k
Closing costs
1%
$21,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,170
Total Expenses
$17,973
Mortgage P&I
176%
$12,642
Property Taxes
30%
$2,125
Home Insurance
11%
$768
HOA
0%
$0
Property Management
12%
$860
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$789