This property looks like a bad Mid-Term investment with a projected -23.81% first-year return on $393k initial cash invested.
-23.81%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$6,634
Rent
-$7,791
Cashflow
Cash Flow
$6,634 income − $14,425 expenses = $7,791 out of pocket
Investment Breakdown
|
Purchase Price
$1784k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$393k
Downpayment
20%
$357k
Closing costs
1%
$17,840
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,634
Total Expenses
$14,425
Mortgage P&I
147%
$9,758
Property Taxes
27%
$1,783
Home Insurance
9%
$629
HOA
0%
$0
Property Management
12%
$796
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$730