This property looks like a bad Mid-Term investment with a projected -21.88% first-year return on $371k initial cash invested.
-21.88%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$8,313
Rent
-$6,758
Cashflow
Cash Flow
$8,313 income − $15,071 expenses = $6,758 out of pocket
Investment Breakdown
|
Purchase Price
$1679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$371k
Downpayment
20%
$336k
Closing costs
1%
$16,790
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,313
Total Expenses
$15,071
Mortgage P&I
111%
$9,214
Property Taxes
18%
$1,469
Home Insurance
7%
$588
HOA
12%
$973
Property Management
12%
$998
CapEx
4%
$333
Vacancy
3%
$249
Maintenance
4%
$333
Other
11%
$914