This property looks like a bad Mid-Term investment with a projected -16.72% first-year return on $354k initial cash invested.
-16.72%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$9,016
Rent
-$4,928
Cashflow
Cash Flow
$9,016 income − $13,944 expenses = $4,928 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,016
Total Expenses
$13,944
Mortgage P&I
97%
$8,746
Property Taxes
17%
$1,572
Home Insurance
6%
$560
HOA
0%
$0
Property Management
12%
$1,082
CapEx
4%
$361
Vacancy
3%
$270
Maintenance
4%
$361
Other
11%
$992