This property looks like a bad Mid-Term investment with a projected -20.35% first-year return on $367k initial cash invested.
-20.35%
Cash On Cash
1.85%
Cap Rate
0.3
DSCR
$7,462
Rent
-$6,225
Cashflow
Cash Flow
$7,462 income − $13,687 expenses = $6,225 out of pocket
Investment Breakdown
|
Purchase Price
$1662k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$367k
Downpayment
20%
$332k
Closing costs
1%
$16,622
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,462
Total Expenses
$13,687
Mortgage P&I
114%
$8,493
Property Taxes
21%
$1,540
Home Insurance
8%
$593
HOA
7%
$525
Property Management
12%
$895
CapEx
4%
$298
Vacancy
3%
$224
Maintenance
4%
$298
Other
11%
$821