This property looks like a bad Mid-Term investment with a projected -21.06% first-year return on $411k initial cash invested.
-21.06%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$8,588
Rent
-$7,214
Cashflow
Cash Flow
$8,588 income − $15,802 expenses = $7,214 out of pocket
Investment Breakdown
|
Purchase Price
$1872k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$411k
Downpayment
20%
$374k
Closing costs
1%
$18,719
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,588
Total Expenses
$15,802
Mortgage P&I
119%
$10,227
Property Taxes
23%
$1,957
Home Insurance
8%
$696
HOA
0%
$0
Property Management
12%
$1,031
CapEx
4%
$344
Vacancy
3%
$258
Maintenance
4%
$344
Other
11%
$945