This property looks like a bad Mid-Term investment with a projected -13.51% first-year return on $383k initial cash invested.
-13.51%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$9,338
Rent
-$4,314
Cashflow
Cash Flow
$9,338 income − $13,652 expenses = $4,314 out of pocket
Investment Breakdown
|
Purchase Price
$1739k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$383k
Downpayment
20%
$348k
Closing costs
1%
$17,388
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,338
Total Expenses
$13,652
Mortgage P&I
101%
$9,455
Property Taxes
2%
$213
Home Insurance
7%
$630
HOA
2%
$178
Property Management
12%
$1,121
CapEx
4%
$374
Vacancy
3%
$280
Maintenance
4%
$374
Other
11%
$1,027