This property looks like a bad Mid-Term investment with a projected -24.49% first-year return on $414k initial cash invested.
-24.49%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$3,890
Rent
-$8,445
Cashflow
Cash Flow
$3,890 income − $12,335 expenses = $8,445 out of pocket
Investment Breakdown
|
Purchase Price
$1885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$414k
Downpayment
20%
$377k
Closing costs
1%
$18,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,890
Total Expenses
$12,335
Mortgage P&I
246%
$9,577
Property Taxes
20%
$774
Home Insurance
17%
$660
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428