This property looks like a bad Mid-Term investment with a projected -19.45% first-year return on $375k initial cash invested.
-19.45%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$7,810
Rent
-$6,072
Cashflow
Cash Flow
$7,810 income − $13,882 expenses = $6,072 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,810
Total Expenses
$13,882
Mortgage P&I
117%
$9,134
Property Taxes
19%
$1,500
Home Insurance
8%
$594
HOA
0%
$0
Property Management
12%
$937
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$859