This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $393k initial cash invested.
-7.87%
Cash On Cash
4.84%
Cap Rate
0.77
DSCR
$11,430
Rent
-$2,574
Cashflow
Cash Flow
$11,430 income − $14,004 expenses = $2,574 out of pocket
Investment Breakdown
|
Purchase Price
$1784k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$393k
Downpayment
20%
$357k
Closing costs
1%
$17,839
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,430
Total Expenses
$14,004
Mortgage P&I
82%
$9,315
Property Taxes
1%
$147
Home Insurance
6%
$656
HOA
0%
$0
Property Management
12%
$1,372
CapEx
4%
$457
Vacancy
3%
$343
Maintenance
4%
$457
Other
11%
$1,257