This property looks like a bad Mid-Term investment with a projected -14.18% first-year return on $370k initial cash invested.
-14.18%
Cash On Cash
3.89%
Cap Rate
0.58
DSCR
$11,138
Rent
-$4,370
Cashflow
Cash Flow
$11,138 income − $15,508 expenses = $4,370 out of pocket
Investment Breakdown
|
Purchase Price
$1675k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$370k
Downpayment
20%
$335k
Closing costs
1%
$16,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,138
Total Expenses
$15,508
Mortgage P&I
84%
$9,347
Property Taxes
12%
$1,309
Home Insurance
5%
$586
HOA
4%
$478
Property Management
12%
$1,337
CapEx
4%
$446
Vacancy
3%
$334
Maintenance
4%
$446
Other
11%
$1,225