This property looks like a bad Mid-Term investment with a projected -21.5% first-year return on $369k initial cash invested.
-21.5%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$6,794
Rent
-$6,608
Cashflow
Cash Flow
$6,794 income − $13,402 expenses = $6,608 out of pocket
Investment Breakdown
|
Purchase Price
$1670k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$334k
Closing costs
1%
$16,704
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,794
Total Expenses
$13,402
Mortgage P&I
130%
$8,848
Property Taxes
24%
$1,632
Home Insurance
9%
$612
HOA
0%
$0
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747