This property looks like a bad Mid-Term investment with a projected -19.06% first-year return on $396k initial cash invested.
-19.06%
Cash On Cash
2.27%
Cap Rate
0.36
DSCR
$6,228
Rent
-$6,291
Cashflow
Cash Flow
$6,228 income − $12,519 expenses = $6,291 out of pocket
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$360k
Closing costs
1%
$18,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,228
Total Expenses
$12,519
Mortgage P&I
152%
$9,442
Property Taxes
5%
$330
Home Insurance
10%
$630
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685