This property looks like a bad Mid-Term investment with a projected -21.86% first-year return on $516k initial cash invested.
-21.86%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$5,820
Rent
-$9,401
Cashflow
Cash Flow
$5,820 income − $15,221 expenses = $9,401 out of pocket
Investment Breakdown
|
Purchase Price
$2371k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$516k
Downpayment
20%
$474k
Closing costs
1%
$23,712
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,820
Total Expenses
$15,221
Mortgage P&I
205%
$11,913
Property Taxes
5%
$288
Home Insurance
15%
$866
HOA
3%
$175
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$640