This property looks like a bad Mid-Term investment with a projected -28.75% first-year return on $489k initial cash invested.
-28.75%
Cash On Cash
0.47%
Cap Rate
0.07
DSCR
$5,578
Rent
-$11,703
Cashflow
Cash Flow
$5,578 income − $17,281 expenses = $11,703 out of pocket
Investment Breakdown
|
Purchase Price
$2241k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$489k
Downpayment
20%
$448k
Closing costs
1%
$22,407
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,578
Total Expenses
$17,281
Mortgage P&I
222%
$12,358
Property Taxes
39%
$2,191
Home Insurance
15%
$836
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614