This property looks like a bad Mid-Term investment with a projected -16.38% first-year return on $351k initial cash invested.
-16.38%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$8,139
Rent
-$4,796
Cashflow
Cash Flow
$8,139 income − $12,935 expenses = $4,796 out of pocket
Investment Breakdown
|
Purchase Price
$1587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$317k
Closing costs
1%
$15,869
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,139
Total Expenses
$12,935
Mortgage P&I
104%
$8,426
Property Taxes
15%
$1,218
Home Insurance
5%
$437
HOA
1%
$86
Property Management
12%
$977
CapEx
4%
$326
Vacancy
3%
$244
Maintenance
4%
$326
Other
11%
$895