This property looks like a bad Mid-Term investment with a projected -13.03% first-year return on $351k initial cash invested.
-13.03%
Cash On Cash
4.18%
Cap Rate
0.62
DSCR
$10,900
Rent
-$3,811
Cashflow
Cash Flow
$10,900 income − $14,711 expenses = $3,811 out of pocket
Investment Breakdown
|
Purchase Price
$1585k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$317k
Closing costs
1%
$15,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,900
Total Expenses
$14,711
Mortgage P&I
82%
$8,891
Property Taxes
14%
$1,559
Home Insurance
5%
$555
HOA
0%
$0
Property Management
12%
$1,308
CapEx
4%
$436
Vacancy
3%
$327
Maintenance
4%
$436
Other
11%
$1,199