This property looks like a bad Mid-Term investment with a projected -17.53% first-year return on $373k initial cash invested.
-17.53%
Cash On Cash
3.03%
Cap Rate
0.45
DSCR
$7,680
Rent
-$5,449
Cashflow
Cash Flow
$7,680 income − $13,129 expenses = $5,449 out of pocket
Investment Breakdown
|
Purchase Price
$1690k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$373k
Downpayment
20%
$338k
Closing costs
1%
$16,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,680
Total Expenses
$13,129
Mortgage P&I
122%
$9,405
Property Taxes
6%
$479
Home Insurance
8%
$592
HOA
1%
$42
Property Management
12%
$922
CapEx
4%
$307
Vacancy
3%
$230
Maintenance
4%
$307
Other
11%
$845