This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $353k initial cash invested.
-12.75%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$9,462
Rent
-$3,748
Cashflow
Cash Flow
$9,462 income − $13,210 expenses = $3,748 out of pocket
Investment Breakdown
|
Purchase Price
$1594k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,937
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,462
Total Expenses
$13,210
Mortgage P&I
90%
$8,549
Property Taxes
9%
$824
Home Insurance
7%
$621
HOA
0%
$0
Property Management
12%
$1,135
CapEx
4%
$378
Vacancy
3%
$284
Maintenance
4%
$378
Other
11%
$1,041