This property looks like a bad Mid-Term investment with a projected -20.75% first-year return on $343k initial cash invested.
-20.75%
Cash On Cash
2.3%
Cap Rate
0.34
DSCR
$7,040
Rent
-$5,936
Cashflow
Cash Flow
$7,040 income − $12,976 expenses = $5,936 out of pocket
Investment Breakdown
|
Purchase Price
$1549k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$343k
Downpayment
20%
$310k
Closing costs
1%
$15,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,040
Total Expenses
$12,976
Mortgage P&I
122%
$8,620
Property Taxes
20%
$1,420
Home Insurance
8%
$542
HOA
0%
$0
Property Management
12%
$845
CapEx
4%
$282
Vacancy
3%
$211
Maintenance
4%
$282
Other
11%
$774