This property looks like a bad Mid-Term investment with a projected -16.75% first-year return on $408k initial cash invested.
-16.75%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$9,370
Rent
-$5,692
Cashflow
Cash Flow
$9,370 income − $15,062 expenses = $5,692 out of pocket
Investment Breakdown
|
Purchase Price
$1856k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$371k
Closing costs
1%
$18,561
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,370
Total Expenses
$15,062
Mortgage P&I
108%
$10,106
Property Taxes
14%
$1,317
Home Insurance
5%
$453
HOA
0%
$0
Property Management
12%
$1,124
CapEx
4%
$375
Vacancy
3%
$281
Maintenance
4%
$375
Other
11%
$1,031