This property looks like a bad Mid-Term investment with a projected -10.01% first-year return on $344k initial cash invested.
-10.01%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$11,751
Rent
-$2,872
Cashflow
Cash Flow
$11,751 income − $14,623 expenses = $2,872 out of pocket
Investment Breakdown
|
Purchase Price
$1554k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$311k
Closing costs
1%
$15,535
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,751
Total Expenses
$14,623
Mortgage P&I
72%
$8,509
Property Taxes
13%
$1,562
Home Insurance
5%
$556
HOA
0%
$0
Property Management
12%
$1,410
CapEx
4%
$470
Vacancy
3%
$353
Maintenance
4%
$470
Other
11%
$1,293