This property looks like a bad Mid-Term investment with a projected -19.3% first-year return on $347k initial cash invested.
-19.3%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$7,780
Rent
-$5,585
Cashflow
Cash Flow
$7,780 income − $13,365 expenses = $5,585 out of pocket
Investment Breakdown
|
Purchase Price
$1568k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$314k
Closing costs
1%
$15,677
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,780
Total Expenses
$13,365
Mortgage P&I
111%
$8,607
Property Taxes
20%
$1,555
Home Insurance
7%
$558
HOA
0%
$0
Property Management
12%
$934
CapEx
4%
$311
Vacancy
3%
$233
Maintenance
4%
$311
Other
11%
$856