This property looks like a bad Mid-Term investment with a projected -15.29% first-year return on $409k initial cash invested.
-15.29%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$11,214
Rent
-$5,213
Cashflow
Cash Flow
$11,214 income − $16,427 expenses = $5,213 out of pocket
Investment Breakdown
|
Purchase Price
$1862k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$409k
Downpayment
20%
$372k
Closing costs
1%
$18,623
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,214
Total Expenses
$16,427
Mortgage P&I
91%
$10,187
Property Taxes
16%
$1,764
Home Insurance
6%
$662
HOA
0%
$0
Property Management
12%
$1,346
CapEx
4%
$449
Vacancy
3%
$336
Maintenance
4%
$449
Other
11%
$1,234