This property looks like a bad Mid-Term investment with a projected -18.44% first-year return on $386k initial cash invested.
-18.44%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$8,655
Rent
-$5,936
Cashflow
Cash Flow
$8,655 income − $14,591 expenses = $5,936 out of pocket
Investment Breakdown
|
Purchase Price
$1754k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$386k
Downpayment
20%
$351k
Closing costs
1%
$17,538
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,655
Total Expenses
$14,591
Mortgage P&I
107%
$9,293
Property Taxes
20%
$1,725
Home Insurance
7%
$630
HOA
0%
$0
Property Management
12%
$1,039
CapEx
4%
$346
Vacancy
3%
$260
Maintenance
4%
$346
Other
11%
$952