This property looks like a bad Mid-Term investment with a projected -19.05% first-year return on $344k initial cash invested.
-19.05%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$7,599
Rent
-$5,452
Cashflow
Cash Flow
$7,599 income − $13,051 expenses = $5,452 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$310k
Closing costs
1%
$15,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,599
Total Expenses
$13,051
Mortgage P&I
112%
$8,478
Property Taxes
19%
$1,447
Home Insurance
7%
$542
HOA
0%
$0
Property Management
12%
$912
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$836