This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $357k initial cash invested.
-9.91%
Cash On Cash
4.52%
Cap Rate
0.71
DSCR
$12,538
Rent
-$2,945
Cashflow
Cash Flow
$12,538 income − $15,483 expenses = $2,945 out of pocket
Investment Breakdown
|
Purchase Price
$1613k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$323k
Closing costs
1%
$16,125
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$12,538
Total Expenses
$15,483
Mortgage P&I
68%
$8,515
Property Taxes
13%
$1,585
Home Insurance
5%
$592
HOA
4%
$527
Property Management
12%
$1,505
CapEx
4%
$502
Vacancy
3%
$376
Maintenance
4%
$502
Other
11%
$1,379