This property looks like a bad Mid-Term investment with a projected -19.18% first-year return on $405k initial cash invested.
-19.18%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$11,220
Rent
-$6,467
Cashflow
Cash Flow
$11,220 income − $17,687 expenses = $6,467 out of pocket
Investment Breakdown
|
Purchase Price
$1841k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$405k
Downpayment
20%
$368k
Closing costs
1%
$18,407
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,220
Total Expenses
$17,687
Mortgage P&I
92%
$10,296
Property Taxes
26%
$2,914
Home Insurance
6%
$662
HOA
0%
$0
Property Management
12%
$1,346
CapEx
4%
$449
Vacancy
3%
$337
Maintenance
4%
$449
Other
11%
$1,234