This property looks like a bad Mid-Term investment with a projected -22.07% first-year return on $353k initial cash invested.
-22.07%
Cash On Cash
1.88%
Cap Rate
0.29
DSCR
$6,654
Rent
-$6,501
Cashflow
Cash Flow
$6,654 income − $13,155 expenses = $6,501 out of pocket
Investment Breakdown
|
Purchase Price
$1597k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,972
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,654
Total Expenses
$13,155
Mortgage P&I
131%
$8,737
Property Taxes
24%
$1,579
Home Insurance
9%
$577
HOA
0%
$0
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732