This property looks like a bad Mid-Term investment with a projected -21.71% first-year return on $358k initial cash invested.
-21.71%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$6,916
Rent
-$6,479
Cashflow
Cash Flow
$6,916 income − $13,395 expenses = $6,479 out of pocket
Investment Breakdown
|
Purchase Price
$1620k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$358k
Downpayment
20%
$324k
Closing costs
1%
$16,195
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,916
Total Expenses
$13,395
Mortgage P&I
128%
$8,858
Property Taxes
23%
$1,608
Home Insurance
8%
$577
HOA
0%
$0
Property Management
12%
$830
CapEx
4%
$277
Vacancy
3%
$207
Maintenance
4%
$277
Other
11%
$761