This property looks like a bad Mid-Term investment with a projected -18.23% first-year return on $372k initial cash invested.
-18.23%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$6,468
Rent
-$5,657
Cashflow
Cash Flow
$6,468 income − $12,125 expenses = $5,657 out of pocket
Investment Breakdown
|
Purchase Price
$1687k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$372k
Downpayment
20%
$337k
Closing costs
1%
$16,874
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,468
Total Expenses
$12,125
Mortgage P&I
133%
$8,606
Property Taxes
11%
$698
Home Insurance
10%
$622
HOA
0%
$0
Property Management
12%
$776
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$711