This property looks like a bad Mid-Term investment with a projected -17.44% first-year return on $395k initial cash invested.
-17.44%
Cash On Cash
2.78%
Cap Rate
0.44
DSCR
$9,291
Rent
-$5,739
Cashflow
Cash Flow
$9,291 income − $15,030 expenses = $5,739 out of pocket
Investment Breakdown
|
Purchase Price
$1795k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$395k
Downpayment
20%
$359k
Closing costs
1%
$17,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,291
Total Expenses
$15,030
Mortgage P&I
102%
$9,522
Property Taxes
19%
$1,720
Home Insurance
7%
$628
HOA
0%
$0
Property Management
12%
$1,115
CapEx
4%
$372
Vacancy
3%
$279
Maintenance
4%
$372
Other
11%
$1,022