This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $375k initial cash invested.
-11.72%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$11,598
Rent
-$3,659
Cashflow
Cash Flow
$11,598 income − $15,257 expenses = $3,659 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
$11,598
Total Expenses
$15,257
Mortgage P&I
79%
$9,134
Property Taxes
14%
$1,585
Home Insurance
5%
$594
HOA
0%
$0
Property Management
12%
$1,392
CapEx
4%
$464
Vacancy
3%
$348
Maintenance
4%
$464
Other
11%
$1,276