This property looks like a bad Mid-Term investment with a projected -21.81% first-year return on $415k initial cash invested.
-21.81%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$5,846
Rent
-$7,541
Cashflow
Cash Flow
$5,846 income − $13,387 expenses = $7,541 out of pocket
Investment Breakdown
|
Purchase Price
$1890k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$415k
Downpayment
20%
$378k
Closing costs
1%
$18,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,846
Total Expenses
$13,387
Mortgage P&I
161%
$9,422
Property Taxes
5%
$315
Home Insurance
11%
$662
HOA
17%
$1,000
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643