This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $362k initial cash invested.
-5.56%
Cash On Cash
5.13%
Cap Rate
0.85
DSCR
$11,808
Rent
-$1,676
Cashflow
Cash Flow
$11,808 income − $13,484 expenses = $1,676 out of pocket
Investment Breakdown
|
Purchase Price
$1637k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$362k
Downpayment
20%
$327k
Closing costs
1%
$16,373
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,808
Total Expenses
$13,484
Mortgage P&I
70%
$8,210
Property Taxes
5%
$648
Home Insurance
5%
$612
HOA
0%
$0
Property Management
12%
$1,417
CapEx
4%
$472
Vacancy
3%
$354
Maintenance
4%
$472
Other
11%
$1,299