This property looks like a bad Mid-Term investment with a projected -18.25% first-year return on $345k initial cash invested.
-18.25%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$7,173
Rent
-$5,242
Cashflow
Cash Flow
$7,173 income − $12,415 expenses = $5,242 out of pocket
Investment Breakdown
|
Purchase Price
$1556k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$345k
Downpayment
20%
$311k
Closing costs
1%
$15,557
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,173
Total Expenses
$12,415
Mortgage P&I
120%
$8,576
Property Taxes
12%
$826
Home Insurance
8%
$574
HOA
0%
$0
Property Management
12%
$861
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$789