This property looks like a bad Mid-Term investment with a projected -20.78% first-year return on $375k initial cash invested.
-20.78%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$7,684
Rent
-$6,493
Cashflow
Cash Flow
$7,684 income − $14,177 expenses = $6,493 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,999
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,684
Total Expenses
$14,177
Mortgage P&I
121%
$9,284
Property Taxes
22%
$1,686
Home Insurance
8%
$595
HOA
0%
$0
Property Management
12%
$922
CapEx
4%
$307
Vacancy
3%
$231
Maintenance
4%
$307
Other
11%
$845