This property looks like a bad Mid-Term investment with a projected -24.6% first-year return on $369k initial cash invested.
-24.6%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$5,730
Rent
-$7,571
Cashflow
Cash Flow
$5,730 income − $13,301 expenses = $7,571 out of pocket
Investment Breakdown
|
Purchase Price
$1673k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$335k
Closing costs
1%
$16,729
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,730
Total Expenses
$13,301
Mortgage P&I
152%
$8,736
Property Taxes
31%
$1,779
Home Insurance
15%
$838
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630