This property looks like a bad Mid-Term investment with a projected -27.45% first-year return on $405k initial cash invested.
-27.45%
Cash On Cash
0.66%
Cap Rate
0.1
DSCR
$5,121
Rent
-$9,272
Cashflow
Cash Flow
$5,121 income − $14,393 expenses = $9,272 out of pocket
Investment Breakdown
|
Purchase Price
$1845k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$405k
Downpayment
20%
$369k
Closing costs
1%
$18,445
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,121
Total Expenses
$14,393
Mortgage P&I
197%
$10,074
Property Taxes
37%
$1,879
Home Insurance
14%
$698
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563