This property looks like a bad Mid-Term investment with a projected -24.69% first-year return on $426k initial cash invested.
-24.69%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$4,184
Rent
-$8,762
Cashflow
Cash Flow
$4,184 income − $12,946 expenses = $8,762 out of pocket
Investment Breakdown
|
Purchase Price
$1943k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$426k
Downpayment
20%
$389k
Closing costs
1%
$19,425
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,184
Total Expenses
$12,946
Mortgage P&I
248%
$10,380
Property Taxes
17%
$692
Home Insurance
11%
$452
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460