This property looks like a bad Mid-Term investment with a projected -18.23% first-year return on $360k initial cash invested.
-18.23%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$8,232
Rent
-$5,463
Cashflow
Cash Flow
$8,232 income − $13,695 expenses = $5,463 out of pocket
Investment Breakdown
|
Purchase Price
$1627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$360k
Downpayment
20%
$325k
Closing costs
1%
$16,269
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,232
Total Expenses
$13,695
Mortgage P&I
108%
$8,903
Property Taxes
18%
$1,470
Home Insurance
6%
$523
HOA
0%
$0
Property Management
12%
$988
CapEx
4%
$329
Vacancy
3%
$247
Maintenance
4%
$329
Other
11%
$906