This property looks like a bad Mid-Term investment with a projected -15.92% first-year return on $412k initial cash invested.
-15.92%
Cash On Cash
3.53%
Cap Rate
0.52
DSCR
$11,368
Rent
-$5,469
Cashflow
Cash Flow
$11,368 income − $16,837 expenses = $5,469 out of pocket
Investment Breakdown
|
Purchase Price
$1878k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$412k
Downpayment
20%
$376k
Closing costs
1%
$18,775
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,368
Total Expenses
$16,837
Mortgage P&I
93%
$10,532
Property Taxes
16%
$1,800
Home Insurance
6%
$640
HOA
0%
$0
Property Management
12%
$1,364
CapEx
4%
$455
Vacancy
3%
$341
Maintenance
4%
$455
Other
11%
$1,250