This property looks like a bad Mid-Term investment with a projected -20.08% first-year return on $480k initial cash invested.
-20.08%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$8,616
Rent
-$8,033
Cashflow
Cash Flow
$8,616 income − $16,649 expenses = $8,033 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,616
Total Expenses
$16,649
Mortgage P&I
135%
$11,621
Property Taxes
15%
$1,328
Home Insurance
9%
$770
HOA
0%
$0
Property Management
12%
$1,034
CapEx
4%
$345
Vacancy
3%
$258
Maintenance
4%
$345
Other
11%
$948