This property looks like a bad Mid-Term investment with a projected -18.6% first-year return on $375k initial cash invested.
-18.6%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$6,861
Rent
-$5,812
Cashflow
Cash Flow
$6,861 income − $12,673 expenses = $5,812 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$17,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,861
Total Expenses
$12,673
Mortgage P&I
124%
$8,541
Property Taxes
18%
$1,205
Home Insurance
9%
$595
HOA
0%
$0
Property Management
12%
$823
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$755