This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $376k initial cash invested.
-12.99%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$11,472
Rent
-$4,073
Cashflow
Cash Flow
$11,472 income − $15,545 expenses = $4,073 out of pocket
Investment Breakdown
|
Purchase Price
$1706k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$341k
Closing costs
1%
$17,055
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,472
Total Expenses
$15,545
Mortgage P&I
76%
$8,744
Property Taxes
14%
$1,586
Home Insurance
5%
$628
HOA
6%
$686
Property Management
12%
$1,377
CapEx
4%
$459
Vacancy
3%
$344
Maintenance
4%
$459
Other
11%
$1,262