This property looks like a bad Mid-Term investment with a projected -19.37% first-year return on $364k initial cash invested.
-19.37%
Cash On Cash
2.11%
Cap Rate
0.34
DSCR
$6,590
Rent
-$5,877
Cashflow
Cash Flow
$6,590 income − $12,467 expenses = $5,877 out of pocket
Investment Breakdown
|
Purchase Price
$1648k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$364k
Downpayment
20%
$330k
Closing costs
1%
$16,480
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,590
Total Expenses
$12,467
Mortgage P&I
129%
$8,514
Property Taxes
17%
$1,116
Home Insurance
9%
$595
HOA
0%
$0
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725