This property looks like a bad Mid-Term investment with a projected -22.32% first-year return on $407k initial cash invested.
-22.32%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$9,720
Rent
-$7,560
Cashflow
Cash Flow
$9,720 income − $17,280 expenses = $7,560 out of pocket
Investment Breakdown
|
Purchase Price
$1850k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$407k
Downpayment
20%
$370k
Closing costs
1%
$18,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,720
Total Expenses
$17,280
Mortgage P&I
108%
$10,475
Property Taxes
29%
$2,852
Home Insurance
7%
$648
HOA
0%
$0
Property Management
12%
$1,166
CapEx
4%
$389
Vacancy
3%
$292
Maintenance
4%
$389
Other
11%
$1,069