This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $457k initial cash invested.
-8.31%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$15,357
Rent
-$3,166
Cashflow
Cash Flow
$15,357 income − $18,523 expenses = $3,166 out of pocket
Investment Breakdown
|
Purchase Price
$2090k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$457k
Downpayment
20%
$418k
Closing costs
1%
$20,904
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$15,357
Total Expenses
$18,523
Mortgage P&I
75%
$11,449
Property Taxes
8%
$1,155
Home Insurance
5%
$698
HOA
0%
$0
Property Management
12%
$1,843
CapEx
4%
$614
Vacancy
3%
$461
Maintenance
4%
$614
Other
11%
$1,689