This property looks like a bad Mid-Term investment with a projected -16.22% first-year return on $372k initial cash invested.
-16.22%
Cash On Cash
3.25%
Cap Rate
0.49
DSCR
$8,364
Rent
-$5,032
Cashflow
Cash Flow
$8,364 income − $13,396 expenses = $5,032 out of pocket
Investment Breakdown
|
Purchase Price
$1688k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$372k
Downpayment
20%
$338k
Closing costs
1%
$16,875
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,364
Total Expenses
$13,396
Mortgage P&I
111%
$9,266
Property Taxes
5%
$444
Home Insurance
7%
$591
HOA
3%
$250
Property Management
12%
$1,004
CapEx
4%
$335
Vacancy
3%
$251
Maintenance
4%
$335
Other
11%
$920