This property looks like a bad Mid-Term investment with a projected -21.77% first-year return on $369k initial cash invested.
-21.77%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$6,958
Rent
-$6,692
Cashflow
Cash Flow
$6,958 income − $13,650 expenses = $6,692 out of pocket
Investment Breakdown
|
Purchase Price
$1671k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$334k
Closing costs
1%
$16,705
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,958
Total Expenses
$13,650
Mortgage P&I
134%
$9,297
Property Taxes
20%
$1,376
Home Insurance
9%
$612
HOA
0%
$0
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$765