This property looks like a bad Mid-Term investment with a projected -11.81% first-year return on $368k initial cash invested.
-11.81%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$10,844
Rent
-$3,619
Cashflow
Cash Flow
$10,844 income − $14,463 expenses = $3,619 out of pocket
Investment Breakdown
|
Purchase Price
$1666k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$368k
Downpayment
20%
$333k
Closing costs
1%
$16,658
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,844
Total Expenses
$14,463
Mortgage P&I
84%
$9,143
Property Taxes
11%
$1,215
Home Insurance
4%
$418
HOA
0%
$0
Property Management
12%
$1,301
CapEx
4%
$434
Vacancy
3%
$325
Maintenance
4%
$434
Other
11%
$1,193