This property looks like a bad Mid-Term investment with a projected -15.04% first-year return on $375k initial cash invested.
-15.04%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$8,948
Rent
-$4,705
Cashflow
Cash Flow
$8,948 income − $13,653 expenses = $4,705 out of pocket
Investment Breakdown
|
Purchase Price
$1702k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$17,021
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,948
Total Expenses
$13,653
Mortgage P&I
107%
$9,573
Property Taxes
5%
$426
Home Insurance
7%
$612
HOA
0%
$0
Property Management
12%
$1,074
CapEx
4%
$358
Vacancy
3%
$268
Maintenance
4%
$358
Other
11%
$984