This property looks like a bad Mid-Term investment with a projected -15.58% first-year return on $375k initial cash invested.
-15.58%
Cash On Cash
3.1%
Cap Rate
0.49
DSCR
$9,504
Rent
-$4,869
Cashflow
Cash Flow
$9,504 income − $14,373 expenses = $4,869 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$17,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,504
Total Expenses
$14,373
Mortgage P&I
93%
$8,876
Property Taxes
18%
$1,672
Home Insurance
6%
$595
HOA
0%
$0
Property Management
12%
$1,140
CapEx
4%
$380
Vacancy
3%
$285
Maintenance
4%
$380
Other
11%
$1,045