This property looks like a bad Mid-Term investment with a projected -22.37% first-year return on $354k initial cash invested.
-22.37%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$4,058
Rent
-$6,594
Cashflow
Cash Flow
$4,058 income − $10,652 expenses = $6,594 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,058
Total Expenses
$10,652
Mortgage P&I
201%
$8,147
Property Taxes
14%
$566
Home Insurance
14%
$560
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446