This property looks like a bad Mid-Term investment with a projected -27.14% first-year return on $412k initial cash invested.
-27.14%
Cash On Cash
0.9%
Cap Rate
0.13
DSCR
$4,731
Rent
-$9,312
Cashflow
Cash Flow
$4,731 income − $14,043 expenses = $9,312 out of pocket
Investment Breakdown
|
Purchase Price
$1875k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$412k
Downpayment
20%
$375k
Closing costs
1%
$18,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,731
Total Expenses
$14,043
Mortgage P&I
223%
$10,531
Property Taxes
26%
$1,248
Home Insurance
14%
$656
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520