This property looks like a bad Mid-Term investment with a projected -16.64% first-year return on $370k initial cash invested.
-16.64%
Cash On Cash
3%
Cap Rate
0.47
DSCR
$9,348
Rent
-$5,126
Cashflow
Cash Flow
$9,348 income − $14,474 expenses = $5,126 out of pocket
Investment Breakdown
|
Purchase Price
$1674k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$370k
Downpayment
20%
$335k
Closing costs
1%
$16,742
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,348
Total Expenses
$14,474
Mortgage P&I
96%
$8,944
Property Taxes
19%
$1,731
Home Insurance
7%
$621
HOA
0%
$0
Property Management
12%
$1,122
CapEx
4%
$374
Vacancy
3%
$280
Maintenance
4%
$374
Other
11%
$1,028