This property looks like a bad Mid-Term investment with a projected -24.19% first-year return on $394k initial cash invested.
-24.19%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$3,770
Rent
-$7,939
Cashflow
Cash Flow
$3,770 income − $11,709 expenses = $7,939 out of pocket
Investment Breakdown
|
Purchase Price
$1790k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$358k
Closing costs
1%
$17,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,770
Total Expenses
$11,709
Mortgage P&I
253%
$9,527
Property Taxes
7%
$274
Home Insurance
17%
$626
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415