This property looks like a bad Mid-Term investment with a projected -13.27% first-year return on $347k initial cash invested.
-13.27%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$7,875
Rent
-$3,841
Cashflow
Cash Flow
$7,875 income − $11,716 expenses = $3,841 out of pocket
Investment Breakdown
|
Purchase Price
$1540k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$308k
Closing costs
1%
$15,399
Rehab
0%
$0
Furnishing
2%
$24,000
Cashflow
Total Income
$7,875
Total Expenses
$11,716
Mortgage P&I
98%
$7,719
Property Taxes
11%
$842
Home Insurance
6%
$468
HOA
0%
$10
Property Management
12%
$945
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$866