This property looks like a bad Mid-Term investment with a projected -21.87% first-year return on $476k initial cash invested.
-21.87%
Cash On Cash
1.43%
Cap Rate
0.24
DSCR
$6,735
Rent
-$8,674
Cashflow
Cash Flow
$6,735 income − $15,409 expenses = $8,674 out of pocket
Investment Breakdown
|
Purchase Price
$2181k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$476k
Downpayment
20%
$436k
Closing costs
1%
$21,808
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,735
Total Expenses
$15,409
Mortgage P&I
163%
$11,009
Property Taxes
19%
$1,297
Home Insurance
12%
$814
HOA
0%
$0
Property Management
12%
$808
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$741