This property looks like a bad Mid-Term investment with a projected -22.87% first-year return on $395k initial cash invested.
-22.87%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$5,438
Rent
-$7,526
Cashflow
Cash Flow
$5,438 income − $12,964 expenses = $7,526 out of pocket
Investment Breakdown
|
Purchase Price
$1795k
Downpayment
20.0%
Interest Rate
6.8%
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
$5,438
Total Expenses
$12,964
Mortgage P&I
172%
$9,373
Property Taxes
20%
$1,113
Home Insurance
12%
$628
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598