This property looks like a bad Mid-Term investment with a projected -21.13% first-year return on $411k initial cash invested.
-21.13%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$6,350
Rent
-$7,238
Cashflow
Cash Flow
$6,350 income − $13,588 expenses = $7,238 out of pocket
Investment Breakdown
|
Purchase Price
$1872k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$411k
Downpayment
20%
$374k
Closing costs
1%
$18,716
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,350
Total Expenses
$13,588
Mortgage P&I
157%
$9,993
Property Taxes
12%
$755
Home Insurance
11%
$682
HOA
0%
$0
Property Management
12%
$762
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698