This property looks like a bad Mid-Term investment with a projected -24.44% first-year return on $446k initial cash invested.
-24.44%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$10,312
Rent
-$9,080
Cashflow
Cash Flow
$10,312 income − $19,392 expenses = $9,080 out of pocket
Investment Breakdown
|
Purchase Price
$2123k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$446k
Downpayment
20%
$425k
Closing costs
1%
$21,226
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$10,312
Total Expenses
$19,392
Mortgage P&I
115%
$11,873
Property Taxes
32%
$3,272
Home Insurance
7%
$743
HOA
0%
$0
Property Management
12%
$1,237
CapEx
4%
$412
Vacancy
3%
$309
Maintenance
4%
$412
Other
11%
$1,134