This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $349k initial cash invested.
-16.45%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$8,930
Rent
-$4,790
Cashflow
Cash Flow
$8,930 income − $13,720 expenses = $4,790 out of pocket
Investment Breakdown
|
Purchase Price
$1578k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$349k
Downpayment
20%
$316k
Closing costs
1%
$15,779
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,930
Total Expenses
$13,720
Mortgage P&I
96%
$8,568
Property Taxes
17%
$1,539
Home Insurance
6%
$577
HOA
0%
$0
Property Management
12%
$1,072
CapEx
4%
$357
Vacancy
3%
$268
Maintenance
4%
$357
Other
11%
$982