This property looks like a bad Mid-Term investment with a projected -19.04% first-year return on $405k initial cash invested.
-19.04%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$8,961
Rent
-$6,434
Cashflow
Cash Flow
$8,961 income − $15,395 expenses = $6,434 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%
$18,451
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,961
Total Expenses
$15,395
Mortgage P&I
113%
$10,093
Property Taxes
19%
$1,678
Home Insurance
6%
$578
HOA
0%
$0
Property Management
12%
$1,075
CapEx
4%
$358
Vacancy
3%
$269
Maintenance
4%
$358
Other
11%
$986