This property looks like a bad Mid-Term investment with a projected -18.33% first-year return on $394k initial cash invested.
-18.33%
Cash On Cash
2.44%
Cap Rate
0.39
DSCR
$7,880
Rent
-$6,011
Cashflow
Cash Flow
$7,880 income − $13,891 expenses = $6,011 out of pocket
Investment Breakdown
|
Purchase Price
$1789k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$358k
Closing costs
1%
$17,885
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,880
Total Expenses
$13,891
Mortgage P&I
119%
$9,339
Property Taxes
17%
$1,348
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$946
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$867