This property looks like a bad Mid-Term investment with a projected -18.8% first-year return on $376k initial cash invested.
-18.8%
Cash On Cash
2.69%
Cap Rate
0.4
DSCR
$6,357
Rent
-$5,887
Cashflow
Cash Flow
$6,357 income − $12,244 expenses = $5,887 out of pocket
Investment Breakdown
|
Purchase Price
$1703k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$341k
Closing costs
1%
$17,033
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,357
Total Expenses
$12,244
Mortgage P&I
149%
$9,445
Property Taxes
0%
$8
Home Insurance
10%
$630
HOA
0%
$0
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$699