This property looks like a bad Mid-Term investment with a projected -25.75% first-year return on $354k initial cash invested.
-25.75%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$2,174
Rent
-$7,595
Cashflow
Cash Flow
$2,174 income − $9,769 expenses = $7,595 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,174
Total Expenses
$9,769
Mortgage P&I
376%
$8,185
Property Taxes
13%
$285
Home Insurance
26%
$560
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239