This property looks like a bad Mid-Term investment with a projected -22.59% first-year return on $403k initial cash invested.
-22.59%
Cash On Cash
1.19%
Cap Rate
0.2
DSCR
$4,990
Rent
-$7,591
Cashflow
Cash Flow
$4,990 income − $12,581 expenses = $7,591 out of pocket
Investment Breakdown
|
Purchase Price
$1834k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$403k
Downpayment
20%
$367k
Closing costs
1%
$18,344
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,990
Total Expenses
$12,581
Mortgage P&I
184%
$9,204
Property Taxes
20%
$1,016
Home Insurance
13%
$663
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549