This property looks like a bad Mid-Term investment with a projected -26.88% first-year return on $433k initial cash invested.
-26.88%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$3,932
Rent
-$9,692
Cashflow
Cash Flow
$3,932 income − $13,624 expenses = $9,692 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$433k
Downpayment
20%
$395k
Closing costs
1%
$19,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,932
Total Expenses
$13,624
Mortgage P&I
264%
$10,378
Property Taxes
31%
$1,218
Home Insurance
18%
$691
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433