This property looks like a bad Mid-Term investment with a projected -18.47% first-year return on $396k initial cash invested.
-18.47%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$8,844
Rent
-$6,091
Cashflow
Cash Flow
$8,844 income − $14,935 expenses = $6,091 out of pocket
Investment Breakdown
|
Purchase Price
$1799k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$360k
Closing costs
1%
$17,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,844
Total Expenses
$14,935
Mortgage P&I
108%
$9,529
Property Taxes
20%
$1,769
Home Insurance
7%
$630
HOA
0%
$0
Property Management
12%
$1,061
CapEx
4%
$354
Vacancy
3%
$265
Maintenance
4%
$354
Other
11%
$973