This property looks like a bad Mid-Term investment with a projected -17.54% first-year return on $433k initial cash invested.
-17.54%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$10,840
Rent
-$6,324
Cashflow
Cash Flow
$10,840 income − $17,164 expenses = $6,324 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
7.3%
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
$10,840
Total Expenses
$17,164
Mortgage P&I
100%
$10,845
Property Taxes
18%
$1,942
Home Insurance
6%
$691
HOA
0%
$0
Property Management
12%
$1,301
CapEx
4%
$434
Vacancy
3%
$325
Maintenance
4%
$434
Other
11%
$1,192