This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $394k initial cash invested.
-14.68%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$11,370
Rent
-$4,818
Cashflow
Cash Flow
$11,370 income − $16,188 expenses = $4,818 out of pocket
Investment Breakdown
|
Purchase Price
$1790k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$358k
Closing costs
1%
$17,897
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,370
Total Expenses
$16,188
Mortgage P&I
86%
$9,822
Property Taxes
16%
$1,844
Home Insurance
6%
$656
HOA
0%
$0
Property Management
12%
$1,364
CapEx
4%
$455
Vacancy
3%
$341
Maintenance
4%
$455
Other
11%
$1,251