This property looks like a bad Mid-Term investment with a projected -23.28% first-year return on $347k initial cash invested.
-23.28%
Cash On Cash
0.94%
Cap Rate
0.16
DSCR
$4,017
Rent
-$6,728
Cashflow
Cash Flow
$4,017 income − $10,745 expenses = $6,728 out of pocket
Investment Breakdown
|
Purchase Price
$1566k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$313k
Closing costs
1%
$15,660
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,017
Total Expenses
$10,745
Mortgage P&I
194%
$7,799
Property Taxes
26%
$1,031
Home Insurance
14%
$548
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442