This property looks like a bad Mid-Term investment with a projected -13.7% first-year return on $353k initial cash invested.
-13.7%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$8,524
Rent
-$4,029
Cashflow
Cash Flow
$8,524 income − $12,553 expenses = $4,029 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,524
Total Expenses
$12,553
Mortgage P&I
100%
$8,567
Property Taxes
6%
$529
Home Insurance
7%
$558
HOA
0%
$0
Property Management
12%
$1,023
CapEx
4%
$341
Vacancy
3%
$256
Maintenance
4%
$341
Other
11%
$938