This property looks like a bad Mid-Term investment with a projected -22.79% first-year return on $354k initial cash invested.
-22.79%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$3,758
Rent
-$6,722
Cashflow
Cash Flow
$3,758 income − $10,480 expenses = $6,722 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,758
Total Expenses
$10,480
Mortgage P&I
224%
$8,433
Property Taxes
6%
$210
Home Insurance
15%
$560
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413