This property looks like a bad Mid-Term investment with a projected -24.72% first-year return on $382k initial cash invested.
-24.72%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$4,449
Rent
-$7,875
Cashflow
Cash Flow
$4,449 income − $12,324 expenses = $7,875 out of pocket
Investment Breakdown
|
Purchase Price
$1735k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$382k
Downpayment
20%
$347k
Closing costs
1%
$17,346
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,449
Total Expenses
$12,324
Mortgage P&I
215%
$9,549
Property Taxes
14%
$635
Home Insurance
14%
$628
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489