This property looks like a bad Mid-Term investment with a projected -22.04% first-year return on $369k initial cash invested.
-22.04%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$6,970
Rent
-$6,775
Cashflow
Cash Flow
$6,970 income − $13,745 expenses = $6,775 out of pocket
Investment Breakdown
|
Purchase Price
$1671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$334k
Closing costs
1%
$16,707
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,970
Total Expenses
$13,745
Mortgage P&I
132%
$9,186
Property Taxes
23%
$1,577
Home Insurance
9%
$612
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$767