This property looks like a bad Mid-Term investment with a projected -20.97% first-year return on $386k initial cash invested.
-20.97%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$7,674
Rent
-$6,738
Cashflow
Cash Flow
$7,674 income − $14,412 expenses = $6,738 out of pocket
Investment Breakdown
|
Purchase Price
$1750k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$386k
Downpayment
20%
$350k
Closing costs
1%
$17,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,674
Total Expenses
$14,412
Mortgage P&I
125%
$9,558
Property Taxes
21%
$1,633
Home Insurance
8%
$612
HOA
0%
$0
Property Management
12%
$921
CapEx
4%
$307
Vacancy
3%
$230
Maintenance
4%
$307
Other
11%
$844