This property looks like a bad Mid-Term investment with a projected -12.11% first-year return on $413k initial cash invested.
-12.11%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$10,978
Rent
-$4,164
Cashflow
Cash Flow
$10,978 income − $15,142 expenses = $4,164 out of pocket
Investment Breakdown
|
Purchase Price
$1879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$413k
Downpayment
20%
$376k
Closing costs
1%
$18,792
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,978
Total Expenses
$15,142
Mortgage P&I
93%
$10,184
Property Taxes
8%
$894
Home Insurance
3%
$332
HOA
0%
$0
Property Management
12%
$1,317
CapEx
4%
$439
Vacancy
3%
$329
Maintenance
4%
$439
Other
11%
$1,208