This property looks like a bad Mid-Term investment with a projected -25.52% first-year return on $459k initial cash invested.
-25.52%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$3,945
Rent
-$9,763
Cashflow
Cash Flow
$3,945 income − $13,708 expenses = $9,763 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$459k
Downpayment
20%
$420k
Closing costs
1%
$21,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,945
Total Expenses
$13,708
Mortgage P&I
278%
$10,966
Property Taxes
17%
$666
Home Insurance
19%
$735
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434