This property looks like a bad Mid-Term investment with a projected -24.22% first-year return on $368k initial cash invested.
-24.22%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$5,019
Rent
-$7,427
Cashflow
Cash Flow
$5,019 income − $12,446 expenses = $7,427 out of pocket
Investment Breakdown
|
Purchase Price
$1667k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$368k
Downpayment
20%
$333k
Closing costs
1%
$16,669
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,019
Total Expenses
$12,446
Mortgage P&I
176%
$8,851
Property Taxes
20%
$988
Home Insurance
17%
$875
HOA
1%
$25
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552