This property looks like a bad Mid-Term investment with a projected -21.12% first-year return on $374k initial cash invested.
-21.12%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$6,321
Rent
-$6,580
Cashflow
Cash Flow
$6,321 income − $12,901 expenses = $6,580 out of pocket
Investment Breakdown
|
Purchase Price
$1695k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$374k
Downpayment
20%
$339k
Closing costs
1%
$16,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,321
Total Expenses
$12,901
Mortgage P&I
149%
$9,435
Property Taxes
11%
$688
Home Insurance
10%
$628
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695