This property looks like a bad Mid-Term investment with a projected -27.74% first-year return on $370k initial cash invested.
-27.74%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$2,517
Rent
-$8,548
Cashflow
Cash Flow
$2,517 income − $11,065 expenses = $8,548 out of pocket
Investment Breakdown
|
Purchase Price
$1675k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$370k
Downpayment
20%
$335k
Closing costs
1%
$16,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,517
Total Expenses
$11,065
Mortgage P&I
360%
$9,054
Property Taxes
23%
$568
Home Insurance
23%
$586
HOA
0%
$0
Property Management
12%
$302
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$277