This property looks like a bad Mid-Term investment with a projected -15.44% first-year return on $377k initial cash invested.
-15.44%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$10,224
Rent
-$4,851
Cashflow
Cash Flow
$10,224 income − $15,075 expenses = $4,851 out of pocket
Investment Breakdown
|
Purchase Price
$1710k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$377k
Downpayment
20%
$342k
Closing costs
1%
$17,097
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,224
Total Expenses
$15,075
Mortgage P&I
91%
$9,338
Property Taxes
16%
$1,648
Home Insurance
6%
$612
HOA
0%
$0
Property Management
12%
$1,227
CapEx
4%
$409
Vacancy
3%
$307
Maintenance
4%
$409
Other
11%
$1,125