This property looks like a bad Mid-Term investment with a projected -21.37% first-year return on $359k initial cash invested.
-21.37%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$6,861
Rent
-$6,401
Cashflow
Cash Flow
$6,861 income − $13,262 expenses = $6,401 out of pocket
Investment Breakdown
|
Purchase Price
$1626k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,259
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,861
Total Expenses
$13,262
Mortgage P&I
130%
$8,894
Property Taxes
21%
$1,458
Home Insurance
8%
$578
HOA
0%
$0
Property Management
12%
$823
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$755