This property looks like a bad Mid-Term investment with a projected -23.51% first-year return on $370k initial cash invested.
-23.51%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$6,348
Rent
-$7,257
Cashflow
Cash Flow
$6,348 income − $13,605 expenses = $7,257 out of pocket
Investment Breakdown
|
Purchase Price
$1678k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$370k
Downpayment
20%
$336k
Closing costs
1%
$16,784
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,348
Total Expenses
$13,605
Mortgage P&I
145%
$9,181
Property Taxes
26%
$1,671
Home Insurance
9%
$595
HOA
0%
$0
Property Management
12%
$762
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698