This property looks like a bad Mid-Term investment with a projected -13.8% first-year return on $373k initial cash invested.
-13.8%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$10,848
Rent
-$4,290
Cashflow
Cash Flow
$10,848 income − $15,138 expenses = $4,290 out of pocket
Investment Breakdown
|
Purchase Price
$1691k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$373k
Downpayment
20%
$338k
Closing costs
1%
$16,911
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,848
Total Expenses
$15,138
Mortgage P&I
84%
$9,093
Property Taxes
16%
$1,734
Home Insurance
6%
$623
HOA
0%
$0
Property Management
12%
$1,302
CapEx
4%
$434
Vacancy
3%
$325
Maintenance
4%
$434
Other
11%
$1,193