This property looks like a bad Mid-Term investment with a projected -25.62% first-year return on $375k initial cash invested.
-25.62%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$3,292
Rent
-$8,003
Cashflow
Cash Flow
$3,292 income − $11,295 expenses = $8,003 out of pocket
Investment Breakdown
|
Purchase Price
$1700k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,995
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,292
Total Expenses
$11,295
Mortgage P&I
277%
$9,114
Property Taxes
14%
$466
Home Insurance
18%
$595
HOA
0%
$0
Property Management
12%
$395
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$362