This property looks like a bad Mid-Term investment with a projected -12.13% first-year return on $406k initial cash invested.
-12.13%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$11,734
Rent
-$4,101
Cashflow
Cash Flow
$11,734 income − $15,835 expenses = $4,101 out of pocket
Investment Breakdown
|
Purchase Price
$1790k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$406k
Downpayment
20%
$358k
Closing costs
1%
$17,898
Rehab
0%
$0
Furnishing
2%
$30,000
Cashflow
Total Income
$11,734
Total Expenses
$15,835
Mortgage P&I
83%
$9,787
Property Taxes
12%
$1,433
Home Insurance
5%
$626
HOA
0%
$0
Property Management
12%
$1,408
CapEx
4%
$469
Vacancy
3%
$352
Maintenance
4%
$469
Other
11%
$1,291