This property looks like a bad Mid-Term investment with a projected -17.46% first-year return on $352k initial cash invested.
-17.46%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$8,526
Rent
-$5,124
Cashflow
Cash Flow
$8,526 income − $13,650 expenses = $5,124 out of pocket
Investment Breakdown
|
Purchase Price
$1591k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$318k
Closing costs
1%
$15,911
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,526
Total Expenses
$13,650
Mortgage P&I
102%
$8,730
Property Taxes
18%
$1,498
Home Insurance
6%
$523
HOA
0%
$0
Property Management
12%
$1,023
CapEx
4%
$341
Vacancy
3%
$256
Maintenance
4%
$341
Other
11%
$938