This property looks like a bad Mid-Term investment with a projected -29.46% first-year return on $491k initial cash invested.
-29.46%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$3,164
Rent
-$12,041
Cashflow
Cash Flow
$3,164 income − $15,205 expenses = $12,041 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$491k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$15,205
Mortgage P&I
392%
$12,388
Property Taxes
30%
$952
Home Insurance
25%
$788
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348