This property looks like a bad Mid-Term investment with a projected -20.33% first-year return on $391k initial cash invested.
-20.33%
Cash On Cash
2.43%
Cap Rate
0.36
DSCR
$8,354
Rent
-$6,622
Cashflow
Cash Flow
$8,354 income − $14,976 expenses = $6,622 out of pocket
Investment Breakdown
|
Purchase Price
$1775k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$391k
Downpayment
20%
$355k
Closing costs
1%
$17,752
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,354
Total Expenses
$14,976
Mortgage P&I
118%
$9,880
Property Taxes
19%
$1,616
Home Insurance
8%
$640
HOA
0%
$0
Property Management
12%
$1,002
CapEx
4%
$334
Vacancy
3%
$251
Maintenance
4%
$334
Other
11%
$919