This property looks like a bad Mid-Term investment with a projected -23.29% first-year return on $412k initial cash invested.
-23.29%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$5,210
Rent
-$8,005
Cashflow
Cash Flow
$5,210 income − $13,215 expenses = $8,005 out of pocket
Investment Breakdown
|
Purchase Price
$1878k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$412k
Downpayment
20%
$376k
Closing costs
1%
$18,780
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,210
Total Expenses
$13,215
Mortgage P&I
190%
$9,922
Property Taxes
16%
$841
Home Insurance
13%
$682
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573