This property looks like a bad Mid-Term investment with a projected -24.79% first-year return on $400k initial cash invested.
-24.79%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$6,214
Rent
-$8,267
Cashflow
Cash Flow
$6,214 income − $14,481 expenses = $8,267 out of pocket
Investment Breakdown
|
Purchase Price
$1820k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$400k
Downpayment
20%
$364k
Closing costs
1%
$18,200
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,214
Total Expenses
$14,481
Mortgage P&I
160%
$9,940
Property Taxes
29%
$1,790
Home Insurance
10%
$637
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$186
Maintenance
4%
$249
Other
11%
$684