This property looks like a bad Mid-Term investment with a projected -19.05% first-year return on $355k initial cash invested.
-19.05%
Cash On Cash
2.43%
Cap Rate
0.38
DSCR
$7,485
Rent
-$5,640
Cashflow
Cash Flow
$7,485 income − $13,125 expenses = $5,640 out of pocket
Investment Breakdown
|
Purchase Price
$1606k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$321k
Closing costs
1%
$16,061
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,485
Total Expenses
$13,125
Mortgage P&I
115%
$8,592
Property Taxes
20%
$1,464
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$898
CapEx
4%
$299
Vacancy
3%
$225
Maintenance
4%
$299
Other
11%
$823