This property looks like a bad Mid-Term investment with a projected -23.46% first-year return on $344k initial cash invested.
-23.46%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$4,437
Rent
-$6,716
Cashflow
Cash Flow
$4,437 income − $11,153 expenses = $6,716 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,437
Total Expenses
$11,153
Mortgage P&I
181%
$8,033
Property Taxes
24%
$1,071
Home Insurance
12%
$542
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488