This property looks like a bad Mid-Term investment with a projected -19.35% first-year return on $365k initial cash invested.
-19.35%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$7,686
Rent
-$5,878
Cashflow
Cash Flow
$7,686 income − $13,564 expenses = $5,878 out of pocket
Investment Breakdown
|
Purchase Price
$1650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$365k
Downpayment
20%
$330k
Closing costs
1%
$16,504
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,686
Total Expenses
$13,564
Mortgage P&I
114%
$8,735
Property Taxes
21%
$1,624
Home Insurance
8%
$593
HOA
0%
$0
Property Management
12%
$922
CapEx
4%
$307
Vacancy
3%
$231
Maintenance
4%
$307
Other
11%
$845