This property looks like a bad Mid-Term investment with a projected -16.46% first-year return on $371k initial cash invested.
-16.46%
Cash On Cash
3.28%
Cap Rate
0.49
DSCR
$9,740
Rent
-$5,093
Cashflow
Cash Flow
$9,740 income − $14,833 expenses = $5,093 out of pocket
Investment Breakdown
|
Purchase Price
$1682k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$371k
Downpayment
20%
$336k
Closing costs
1%
$16,823
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,740
Total Expenses
$14,833
Mortgage P&I
96%
$9,305
Property Taxes
16%
$1,604
Home Insurance
6%
$612
HOA
0%
$0
Property Management
12%
$1,169
CapEx
4%
$390
Vacancy
3%
$292
Maintenance
4%
$390
Other
11%
$1,071