This property looks like a bad Mid-Term investment with a projected -21.81% first-year return on $393k initial cash invested.
-21.81%
Cash On Cash
2%
Cap Rate
0.3
DSCR
$6,948
Rent
-$7,144
Cashflow
Cash Flow
$6,948 income − $14,092 expenses = $7,144 out of pocket
Investment Breakdown
|
Purchase Price
$1786k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$393k
Downpayment
20%
$357k
Closing costs
1%
$17,862
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,948
Total Expenses
$14,092
Mortgage P&I
142%
$9,847
Property Taxes
18%
$1,235
Home Insurance
9%
$648
HOA
0%
$0
Property Management
12%
$834
CapEx
4%
$278
Vacancy
3%
$208
Maintenance
4%
$278
Other
11%
$764