This property looks like a bad Mid-Term investment with a projected -22.39% first-year return on $345k initial cash invested.
-22.39%
Cash On Cash
1.67%
Cap Rate
0.26
DSCR
$5,738
Rent
-$6,429
Cashflow
Cash Flow
$5,738 income − $12,167 expenses = $6,429 out of pocket
Investment Breakdown
|
Purchase Price
$1555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$345k
Downpayment
20%
$311k
Closing costs
1%
$15,549
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,738
Total Expenses
$12,167
Mortgage P&I
146%
$8,365
Property Taxes
23%
$1,325
Home Insurance
9%
$525
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$631