This property looks like a bad Mid-Term investment with a projected -24.54% first-year return on $428k initial cash invested.
-24.54%
Cash On Cash
1.33%
Cap Rate
0.2
DSCR
$6,531
Rent
-$8,741
Cashflow
Cash Flow
$6,531 income − $15,272 expenses = $8,741 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$428k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,531
Total Expenses
$15,272
Mortgage P&I
163%
$10,642
Property Taxes
26%
$1,728
Home Insurance
10%
$682
HOA
0%
$0
Property Management
12%
$784
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$718