This property looks like a bad Mid-Term investment with a projected -14.2% first-year return on $411k initial cash invested.
-14.2%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$11,988
Rent
-$4,866
Cashflow
Cash Flow
$11,988 income − $16,854 expenses = $4,866 out of pocket
Investment Breakdown
|
Purchase Price
$1873k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$411k
Downpayment
20%
$375k
Closing costs
1%
$18,727
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,988
Total Expenses
$16,854
Mortgage P&I
85%
$10,243
Property Taxes
16%
$1,868
Home Insurance
6%
$665
HOA
0%
$0
Property Management
12%
$1,439
CapEx
4%
$480
Vacancy
3%
$360
Maintenance
4%
$480
Other
11%
$1,319