This property looks like a bad Mid-Term investment with a projected -19.07% first-year return on $346k initial cash invested.
-19.07%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$6,048
Rent
-$5,498
Cashflow
Cash Flow
$6,048 income − $11,546 expenses = $5,498 out of pocket
Investment Breakdown
|
Purchase Price
$1562k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$312k
Closing costs
1%
$15,617
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,048
Total Expenses
$11,546
Mortgage P&I
142%
$8,611
Property Taxes
5%
$272
Home Insurance
10%
$578
HOA
0%
$29
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$665