This property looks like a bad Mid-Term investment with a projected -28.43% first-year return on $420k initial cash invested.
-28.43%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$4,506
Rent
-$9,961
Cashflow
Cash Flow
$4,506 income − $14,467 expenses = $9,961 out of pocket
Investment Breakdown
|
Purchase Price
$1916k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$383k
Closing costs
1%
$19,161
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,506
Total Expenses
$14,467
Mortgage P&I
233%
$10,481
Property Taxes
39%
$1,758
Home Insurance
15%
$696
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496