This property looks like a bad Mid-Term investment with a projected -21.85% first-year return on $353k initial cash invested.
-21.85%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$6,609
Rent
-$6,423
Cashflow
Cash Flow
$6,609 income − $13,032 expenses = $6,423 out of pocket
Investment Breakdown
|
Purchase Price
$1594k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,944
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,609
Total Expenses
$13,032
Mortgage P&I
132%
$8,711
Property Taxes
23%
$1,498
Home Insurance
9%
$577
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727