This property looks like a bad Mid-Term investment with a projected -32.81% first-year return on $408k initial cash invested.
-32.81%
Cash On Cash
-0.32%
Cap Rate
-0.05
DSCR
$2,877
Rent
-$11,142
Cashflow
Cash Flow
$2,877 income − $14,019 expenses = $11,142 out of pocket
Investment Breakdown
|
Purchase Price
$1855k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$371k
Closing costs
1%
$18,550
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,877
Total Expenses
$14,019
Mortgage P&I
366%
$10,526
Property Taxes
49%
$1,396
Home Insurance
39%
$1,120
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$316