This property looks like a bad Mid-Term investment with a projected -18.07% first-year return on $396k initial cash invested.
-18.07%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$9,531
Rent
-$5,959
Cashflow
Cash Flow
$9,531 income − $15,490 expenses = $5,959 out of pocket
Investment Breakdown
|
Purchase Price
$1799k
Downpayment
20.0%
Interest Rate
7.3%
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
$9,531
Total Expenses
$15,490
Mortgage P&I
103%
$9,826
Property Taxes
17%
$1,589
Home Insurance
7%
$630
HOA
2%
$205
Property Management
12%
$1,144
CapEx
4%
$381
Vacancy
3%
$286
Maintenance
4%
$381
Other
11%
$1,048