This property looks like a bad Mid-Term investment with a projected -18.58% first-year return on $354k initial cash invested.
-18.58%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$8,598
Rent
-$5,481
Cashflow
Cash Flow
$8,598 income − $14,079 expenses = $5,481 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,598
Total Expenses
$14,079
Mortgage P&I
102%
$8,752
Property Taxes
18%
$1,586
Home Insurance
7%
$560
HOA
3%
$257
Property Management
12%
$1,032
CapEx
4%
$344
Vacancy
3%
$258
Maintenance
4%
$344
Other
11%
$946