This property looks like a bad Mid-Term investment with a projected -15.01% first-year return on $396k initial cash invested.
-15.01%
Cash On Cash
3.29%
Cap Rate
0.52
DSCR
$9,456
Rent
-$4,957
Cashflow
Cash Flow
$9,456 income − $14,413 expenses = $4,957 out of pocket
Investment Breakdown
|
Purchase Price
$1802k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$360k
Closing costs
1%
$18,018
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,456
Total Expenses
$14,413
Mortgage P&I
101%
$9,520
Property Taxes
13%
$1,240
Home Insurance
5%
$438
HOA
0%
$0
Property Management
12%
$1,135
CapEx
4%
$378
Vacancy
3%
$284
Maintenance
4%
$378
Other
11%
$1,040