This property looks like a bad Mid-Term investment with a projected -23.51% first-year return on $412k initial cash invested.
-23.51%
Cash On Cash
1.8%
Cap Rate
0.26
DSCR
$5,907
Rent
-$8,076
Cashflow
Cash Flow
$5,907 income − $13,983 expenses = $8,076 out of pocket
Investment Breakdown
|
Purchase Price
$1877k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$412k
Downpayment
20%
$375k
Closing costs
1%
$18,769
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,907
Total Expenses
$13,983
Mortgage P&I
180%
$10,651
Property Taxes
11%
$633
Home Insurance
12%
$691
HOA
0%
$0
Property Management
12%
$709
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$650