This property looks like a bad Mid-Term investment with a projected -23.75% first-year return on $368k initial cash invested.
-23.75%
Cash On Cash
1.46%
Cap Rate
0.22
DSCR
$5,014
Rent
-$7,277
Cashflow
Cash Flow
$5,014 income − $12,291 expenses = $7,277 out of pocket
Investment Breakdown
|
Purchase Price
$1665k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$368k
Downpayment
20%
$333k
Closing costs
1%
$16,654
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,014
Total Expenses
$12,291
Mortgage P&I
182%
$9,107
Property Taxes
17%
$866
Home Insurance
12%
$612
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$150
Maintenance
4%
$201
Other
11%
$552