This property looks like a bad Mid-Term investment with a projected -27.03% first-year return on $416k initial cash invested.
-27.03%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,882
Rent
-$9,368
Cashflow
Cash Flow
$2,882 income − $12,250 expenses = $9,368 out of pocket
Investment Breakdown
|
Purchase Price
$1895k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$416k
Downpayment
20%
$379k
Closing costs
1%
$18,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,882
Total Expenses
$12,250
Mortgage P&I
343%
$9,875
Property Taxes
25%
$733
Home Insurance
23%
$663
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317