This property looks like a bad Mid-Term investment with a projected -19.25% first-year return on $352k initial cash invested.
-19.25%
Cash On Cash
2.6%
Cap Rate
0.39
DSCR
$7,920
Rent
-$5,641
Cashflow
Cash Flow
$7,920 income − $13,561 expenses = $5,641 out of pocket
Investment Breakdown
|
Purchase Price
$1589k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$318k
Closing costs
1%
$15,890
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,920
Total Expenses
$13,561
Mortgage P&I
111%
$8,763
Property Taxes
20%
$1,549
Home Insurance
7%
$556
HOA
0%
$0
Property Management
12%
$950
CapEx
4%
$317
Vacancy
3%
$238
Maintenance
4%
$317
Other
11%
$871