This property looks like a bad Mid-Term investment with a projected -15.89% first-year return on $364k initial cash invested.
-15.89%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$7,665
Rent
-$4,822
Cashflow
Cash Flow
$7,665 income − $12,487 expenses = $4,822 out of pocket
Investment Breakdown
|
Purchase Price
$1649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$364k
Downpayment
20%
$330k
Closing costs
1%
$16,487
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,665
Total Expenses
$12,487
Mortgage P&I
113%
$8,662
Property Taxes
7%
$556
Home Insurance
8%
$604
HOA
1%
$58
Property Management
12%
$920
CapEx
4%
$307
Vacancy
3%
$230
Maintenance
4%
$307
Other
11%
$843