This property looks like a bad Mid-Term investment with a projected -24.24% first-year return on $347k initial cash invested.
-24.24%
Cash On Cash
1.4%
Cap Rate
0.21
DSCR
$4,658
Rent
-$7,008
Cashflow
Cash Flow
$4,658 income − $11,666 expenses = $7,008 out of pocket
Investment Breakdown
|
Purchase Price
$1566k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$313k
Closing costs
1%
$15,664
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,658
Total Expenses
$11,666
Mortgage P&I
186%
$8,655
Property Taxes
19%
$883
Home Insurance
12%
$545
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512