This property looks like a bad Mid-Term investment with a projected -20.06% first-year return on $416k initial cash invested.
-20.06%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$8,607
Rent
-$6,954
Cashflow
Cash Flow
$8,607 income − $15,561 expenses = $6,954 out of pocket
Investment Breakdown
|
Purchase Price
$1895k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$416k
Downpayment
20%
$379k
Closing costs
1%
$18,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,607
Total Expenses
$15,561
Mortgage P&I
118%
$10,124
Property Taxes
21%
$1,848
Home Insurance
8%
$663
HOA
0%
$0
Property Management
12%
$1,033
CapEx
4%
$344
Vacancy
3%
$258
Maintenance
4%
$344
Other
11%
$947