This property looks like a bad Mid-Term investment with a projected -22.95% first-year return on $471k initial cash invested.
-22.95%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$8,654
Rent
-$9,012
Cashflow
Cash Flow
$8,654 income − $17,666 expenses = $9,012 out of pocket
Investment Breakdown
|
Purchase Price
$2158k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$471k
Downpayment
20%
$432k
Closing costs
1%
$21,580
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,654
Total Expenses
$17,666
Mortgage P&I
137%
$11,847
Property Taxes
25%
$2,122
Home Insurance
9%
$755
HOA
0%
$0
Property Management
12%
$1,038
CapEx
4%
$346
Vacancy
3%
$260
Maintenance
4%
$346
Other
11%
$952