This property looks like a bad Mid-Term investment with a projected -24.96% first-year return on $375k initial cash invested.
-24.96%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$3,147
Rent
-$7,796
Cashflow
Cash Flow
$3,147 income − $10,943 expenses = $7,796 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,147
Total Expenses
$10,943
Mortgage P&I
285%
$8,961
Property Taxes
10%
$317
Home Insurance
19%
$595
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346