This property looks like a bad Mid-Term investment with a projected -25.77% first-year return on $416k initial cash invested.
-25.77%
Cash On Cash
0.94%
Cap Rate
0.14
DSCR
$3,921
Rent
-$8,944
Cashflow
Cash Flow
$3,921 income − $12,865 expenses = $8,944 out of pocket
Investment Breakdown
|
Purchase Price
$1898k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$416k
Downpayment
20%
$380k
Closing costs
1%
$18,975
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,921
Total Expenses
$12,865
Mortgage P&I
262%
$10,275
Property Taxes
14%
$556
Home Insurance
18%
$700
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431