This property looks like a bad Mid-Term investment with a projected -19.67% first-year return on $386k initial cash invested.
-19.67%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$7,900
Rent
-$6,323
Cashflow
Cash Flow
$7,900 income − $14,223 expenses = $6,323 out of pocket
Investment Breakdown
|
Purchase Price
$1751k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$386k
Downpayment
20%
$350k
Closing costs
1%
$17,514
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,900
Total Expenses
$14,223
Mortgage P&I
123%
$9,714
Property Taxes
15%
$1,193
Home Insurance
8%
$630
HOA
0%
$0
Property Management
12%
$948
CapEx
4%
$316
Vacancy
3%
$237
Maintenance
4%
$316
Other
11%
$869