This property looks like a bad Mid-Term investment with a projected -15.14% first-year return on $414k initial cash invested.
-15.14%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$9,632
Rent
-$5,222
Cashflow
Cash Flow
$9,632 income − $14,854 expenses = $5,222 out of pocket
Investment Breakdown
|
Purchase Price
$1886k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$414k
Downpayment
20%
$377k
Closing costs
1%
$18,856
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,632
Total Expenses
$14,854
Mortgage P&I
106%
$10,219
Property Taxes
11%
$1,012
Home Insurance
4%
$348
HOA
0%
$0
Property Management
12%
$1,156
CapEx
4%
$385
Vacancy
3%
$289
Maintenance
4%
$385
Other
11%
$1,060