This property looks like a bad Mid-Term investment with a projected -21.87% first-year return on $405k initial cash invested.
-21.87%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$7,526
Rent
-$7,388
Cashflow
Cash Flow
$7,526 income − $14,914 expenses = $7,388 out of pocket
Investment Breakdown
|
Purchase Price
$1845k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$405k
Downpayment
20%
$369k
Closing costs
1%
$18,449
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,526
Total Expenses
$14,914
Mortgage P&I
134%
$10,079
Property Taxes
22%
$1,630
Home Insurance
9%
$646
HOA
0%
$0
Property Management
12%
$903
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$828