This property looks like a bad Mid-Term investment with a projected -15.7% first-year return on $355k initial cash invested.
-15.7%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$9,702
Rent
-$4,647
Cashflow
Cash Flow
$9,702 income − $14,349 expenses = $4,647 out of pocket
Investment Breakdown
|
Purchase Price
$1606k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$321k
Closing costs
1%
$16,056
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,702
Total Expenses
$14,349
Mortgage P&I
91%
$8,851
Property Taxes
17%
$1,622
Home Insurance
6%
$578
HOA
0%
$0
Property Management
12%
$1,164
CapEx
4%
$388
Vacancy
3%
$291
Maintenance
4%
$388
Other
11%
$1,067