This property looks like a bad Mid-Term investment with a projected -24.29% first-year return on $386k initial cash invested.
-24.29%
Cash On Cash
1.12%
Cap Rate
0.18
DSCR
$3,918
Rent
-$7,804
Cashflow
Cash Flow
$3,918 income − $11,722 expenses = $7,804 out of pocket
Investment Breakdown
|
Purchase Price
$1750k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$386k
Downpayment
20%
$350k
Closing costs
1%
$17,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,918
Total Expenses
$11,722
Mortgage P&I
237%
$9,275
Property Taxes
13%
$502
Home Insurance
16%
$612
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431