This property looks like a bad Mid-Term investment with a projected -22.45% first-year return on $375k initial cash invested.
-22.45%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$6,964
Rent
-$7,013
Cashflow
Cash Flow
$6,964 income − $13,977 expenses = $7,013 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,964
Total Expenses
$13,977
Mortgage P&I
134%
$9,328
Property Taxes
24%
$1,685
Home Insurance
9%
$595
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$766