This property looks like a bad Mid-Term investment with a projected -18% first-year return on $375k initial cash invested.
-18%
Cash On Cash
3.04%
Cap Rate
0.45
DSCR
$7,653
Rent
-$5,618
Cashflow
Cash Flow
$7,653 income − $13,271 expenses = $5,618 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,653
Total Expenses
$13,271
Mortgage P&I
126%
$9,614
Property Taxes
4%
$311
Home Insurance
8%
$594
HOA
2%
$150
Property Management
12%
$918
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842