This property looks like a bad Mid-Term investment with a projected -23.05% first-year return on $396k initial cash invested.
-23.05%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$5,552
Rent
-$7,607
Cashflow
Cash Flow
$5,552 income − $13,159 expenses = $7,607 out of pocket
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$360k
Closing costs
1%
$18,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,552
Total Expenses
$13,159
Mortgage P&I
179%
$9,915
Property Taxes
13%
$726
Home Insurance
11%
$630
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611