This property looks like a bad Mid-Term investment with a projected -17.88% first-year return on $408k initial cash invested.
-17.88%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$10,028
Rent
-$6,080
Cashflow
Cash Flow
$10,028 income − $16,108 expenses = $6,080 out of pocket
Investment Breakdown
|
Purchase Price
$1858k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$372k
Closing costs
1%
$18,575
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,028
Total Expenses
$16,108
Mortgage P&I
99%
$9,923
Property Taxes
20%
$2,043
Home Insurance
7%
$733
HOA
0%
$0
Property Management
12%
$1,203
CapEx
4%
$401
Vacancy
3%
$301
Maintenance
4%
$401
Other
11%
$1,103