This property looks like a bad Mid-Term investment with a projected -14.16% first-year return on $369k initial cash invested.
-14.16%
Cash On Cash
3.49%
Cap Rate
0.55
DSCR
$9,592
Rent
-$4,359
Cashflow
Cash Flow
$9,592 income − $13,951 expenses = $4,359 out of pocket
Investment Breakdown
|
Purchase Price
$1673k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$335k
Closing costs
1%
$16,729
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,592
Total Expenses
$13,951
Mortgage P&I
92%
$8,834
Property Taxes
12%
$1,190
Home Insurance
7%
$665
HOA
0%
$0
Property Management
12%
$1,151
CapEx
4%
$384
Vacancy
3%
$288
Maintenance
4%
$384
Other
11%
$1,055