This property looks like a bad Mid-Term investment with a projected -21.95% first-year return on $375k initial cash invested.
-21.95%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$7,179
Rent
-$6,859
Cashflow
Cash Flow
$7,179 income − $14,038 expenses = $6,859 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,995
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,179
Total Expenses
$14,038
Mortgage P&I
130%
$9,332
Property Taxes
23%
$1,671
Home Insurance
8%
$595
HOA
0%
$0
Property Management
12%
$861
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$790