This property looks like a bad Mid-Term investment with a projected -23.23% first-year return on $385k initial cash invested.
-23.23%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$4,564
Rent
-$7,460
Cashflow
Cash Flow
$4,564 income − $12,024 expenses = $7,460 out of pocket
Investment Breakdown
|
Purchase Price
$1749k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$385k
Downpayment
20%
$350k
Closing costs
1%
$17,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,564
Total Expenses
$12,024
Mortgage P&I
201%
$9,172
Property Taxes
15%
$674
Home Insurance
13%
$612
HOA
0%
$13
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502