This property looks like a bad Mid-Term investment with a projected -13.18% first-year return on $390k initial cash invested.
-13.18%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$11,802
Rent
-$4,284
Cashflow
Cash Flow
$11,802 income − $16,086 expenses = $4,284 out of pocket
Investment Breakdown
|
Purchase Price
$1772k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$390k
Downpayment
20%
$354k
Closing costs
1%
$17,719
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,802
Total Expenses
$16,086
Mortgage P&I
82%
$9,681
Property Taxes
15%
$1,765
Home Insurance
5%
$628
HOA
0%
$0
Property Management
12%
$1,416
CapEx
4%
$472
Vacancy
3%
$354
Maintenance
4%
$472
Other
11%
$1,298