This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $353k initial cash invested.
-16.45%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$6,724
Rent
-$4,837
Cashflow
Cash Flow
$6,724 income − $11,561 expenses = $4,837 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
6.9%
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
$6,724
Total Expenses
$11,561
Mortgage P&I
125%
$8,431
Property Taxes
4%
$285
Home Insurance
8%
$558
HOA
0%
$0
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$740