This property looks like a bad Mid-Term investment with a projected -22.2% first-year return on $363k initial cash invested.
-22.2%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$4,594
Rent
-$6,718
Cashflow
Cash Flow
$4,594 income − $11,312 expenses = $6,718 out of pocket
Investment Breakdown
|
Purchase Price
$1644k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$363k
Downpayment
20%
$329k
Closing costs
1%
$16,437
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,594
Total Expenses
$11,312
Mortgage P&I
199%
$9,149
Property Taxes
1%
$32
Home Insurance
12%
$569
HOA
0%
$0
Property Management
12%
$551
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$505