This property looks like a bad Mid-Term investment with a projected -16.42% first-year return on $353k initial cash invested.
-16.42%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$8,348
Rent
-$4,833
Cashflow
Cash Flow
$8,348 income − $13,181 expenses = $4,833 out of pocket
Investment Breakdown
|
Purchase Price
$1596k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,961
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,348
Total Expenses
$13,181
Mortgage P&I
98%
$8,184
Property Taxes
19%
$1,581
Home Insurance
7%
$578
HOA
0%
$0
Property Management
12%
$1,002
CapEx
4%
$334
Vacancy
3%
$250
Maintenance
4%
$334
Other
11%
$918