This property looks like a bad Mid-Term investment with a projected -19.82% first-year return on $347k initial cash invested.
-19.82%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$7,462
Rent
-$5,735
Cashflow
Cash Flow
$7,462 income − $13,197 expenses = $5,735 out of pocket
Investment Breakdown
|
Purchase Price
$1567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$313k
Closing costs
1%
$15,674
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,462
Total Expenses
$13,197
Mortgage P&I
115%
$8,602
Property Taxes
20%
$1,490
Home Insurance
8%
$569
HOA
0%
$0
Property Management
12%
$895
CapEx
4%
$298
Vacancy
3%
$224
Maintenance
4%
$298
Other
11%
$821