This property looks like a bad Mid-Term investment with a projected -19.69% first-year return on $390k initial cash invested.
-19.69%
Cash On Cash
2.62%
Cap Rate
0.39
DSCR
$8,040
Rent
-$6,401
Cashflow
Cash Flow
$8,040 income − $14,441 expenses = $6,401 out of pocket
Investment Breakdown
|
Purchase Price
$1772k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$390k
Downpayment
20%
$354k
Closing costs
1%
$17,717
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,040
Total Expenses
$14,441
Mortgage P&I
124%
$9,946
Property Taxes
14%
$1,131
Home Insurance
8%
$630
HOA
0%
$0
Property Management
12%
$965
CapEx
4%
$322
Vacancy
3%
$241
Maintenance
4%
$322
Other
11%
$884