This property looks like a bad Mid-Term investment with a projected -16.36% first-year return on $343k initial cash invested.
-16.36%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$8,667
Rent
-$4,672
Cashflow
Cash Flow
$8,667 income − $13,339 expenses = $4,672 out of pocket
Investment Breakdown
|
Purchase Price
$1546k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$343k
Downpayment
20%
$309k
Closing costs
1%
$15,462
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,667
Total Expenses
$13,339
Mortgage P&I
97%
$8,416
Property Taxes
14%
$1,235
Home Insurance
6%
$489
HOA
3%
$252
Property Management
12%
$1,040
CapEx
4%
$347
Vacancy
3%
$260
Maintenance
4%
$347
Other
11%
$953