This property looks like a bad Mid-Term investment with a projected -20.05% first-year return on $434k initial cash invested.
-20.05%
Cash On Cash
2.47%
Cap Rate
0.37
DSCR
$9,090
Rent
-$7,257
Cashflow
Cash Flow
$9,090 income − $16,347 expenses = $7,257 out of pocket
Investment Breakdown
|
Purchase Price
$1983k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$434k
Downpayment
20%
$397k
Closing costs
1%
$19,830
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,090
Total Expenses
$16,347
Mortgage P&I
121%
$10,976
Property Taxes
17%
$1,544
Home Insurance
8%
$735
HOA
0%
$0
Property Management
12%
$1,091
CapEx
4%
$364
Vacancy
3%
$273
Maintenance
4%
$364
Other
11%
$1,000