This property looks like a bad Mid-Term investment with a projected -21.73% first-year return on $344k initial cash invested.
-21.73%
Cash On Cash
2.02%
Cap Rate
0.3
DSCR
$6,278
Rent
-$6,236
Cashflow
Cash Flow
$6,278 income − $12,514 expenses = $6,236 out of pocket
Investment Breakdown
|
Purchase Price
$1554k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$311k
Closing costs
1%
$15,539
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,278
Total Expenses
$12,514
Mortgage P&I
137%
$8,605
Property Taxes
18%
$1,141
Home Insurance
9%
$569
HOA
1%
$65
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$691