This property looks like a bad Mid-Term investment with a projected -19.81% first-year return on $346k initial cash invested.
-19.81%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$5,608
Rent
-$5,712
Cashflow
Cash Flow
$5,608 income − $11,320 expenses = $5,712 out of pocket
Investment Breakdown
|
Purchase Price
$1562k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$312k
Closing costs
1%
$15,622
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,608
Total Expenses
$11,320
Mortgage P&I
142%
$7,982
Property Taxes
16%
$872
Home Insurance
10%
$560
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617