This property looks like a bad Mid-Term investment with a projected -21.6% first-year return on $344k initial cash invested.
-21.6%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$4,641
Rent
-$6,199
Cashflow
Cash Flow
$4,641 income − $10,840 expenses = $6,199 out of pocket
Investment Breakdown
|
Purchase Price
$1554k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$311k
Closing costs
1%
$15,542
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,641
Total Expenses
$10,840
Mortgage P&I
183%
$8,512
Property Taxes
4%
$171
Home Insurance
12%
$578
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511