This property looks like a bad Mid-Term investment with a projected -16.24% first-year return on $464k initial cash invested.
-16.24%
Cash On Cash
2.68%
Cap Rate
0.45
DSCR
$9,392
Rent
-$6,282
Cashflow
Cash Flow
$9,392 income − $15,674 expenses = $6,282 out of pocket
Investment Breakdown
|
Purchase Price
$2124k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$464k
Downpayment
20%
$425k
Closing costs
1%
$21,243
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,392
Total Expenses
$15,674
Mortgage P&I
113%
$10,658
Property Taxes
11%
$1,052
Home Insurance
8%
$770
HOA
0%
$0
Property Management
12%
$1,127
CapEx
4%
$376
Vacancy
3%
$282
Maintenance
4%
$376
Other
11%
$1,033