This property looks like a bad Mid-Term investment with a projected -15.71% first-year return on $413k initial cash invested.
-15.71%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$11,229
Rent
-$5,404
Cashflow
Cash Flow
$11,229 income − $16,633 expenses = $5,404 out of pocket
Investment Breakdown
|
Purchase Price
$1880k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$413k
Downpayment
20%
$376k
Closing costs
1%
$18,802
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,229
Total Expenses
$16,633
Mortgage P&I
92%
$10,284
Property Taxes
17%
$1,867
Home Insurance
6%
$665
HOA
0%
$0
Property Management
12%
$1,347
CapEx
4%
$449
Vacancy
3%
$337
Maintenance
4%
$449
Other
11%
$1,235