This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $353k initial cash invested.
-11.68%
Cash On Cash
3.83%
Cap Rate
0.63
DSCR
$9,900
Rent
-$3,435
Cashflow
Cash Flow
$9,900 income − $13,335 expenses = $3,435 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,945
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,900
Total Expenses
$13,335
Mortgage P&I
82%
$8,130
Property Taxes
14%
$1,367
Home Insurance
5%
$472
HOA
0%
$0
Property Management
12%
$1,188
CapEx
4%
$396
Vacancy
3%
$297
Maintenance
4%
$396
Other
11%
$1,089