This property looks like a bad Mid-Term investment with a projected -14.36% first-year return on $344k initial cash invested.
-14.36%
Cash On Cash
3.35%
Cap Rate
0.53
DSCR
$7,614
Rent
-$4,119
Cashflow
Cash Flow
$7,614 income − $11,733 expenses = $4,119 out of pocket
Investment Breakdown
|
Purchase Price
$1553k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$311k
Closing costs
1%
$15,533
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,614
Total Expenses
$11,733
Mortgage P&I
107%
$8,150
Property Taxes
5%
$415
Home Insurance
8%
$578
HOA
0%
$0
Property Management
12%
$914
CapEx
4%
$305
Vacancy
3%
$228
Maintenance
4%
$305
Other
11%
$838