This property looks like a bad Mid-Term investment with a projected -19.12% first-year return on $356k initial cash invested.
-19.12%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$7,116
Rent
-$5,681
Cashflow
Cash Flow
$7,116 income − $12,797 expenses = $5,681 out of pocket
Investment Breakdown
|
Purchase Price
$1612k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$356k
Downpayment
20%
$322k
Closing costs
1%
$16,118
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,116
Total Expenses
$12,797
Mortgage P&I
116%
$8,266
Property Taxes
22%
$1,593
Home Insurance
7%
$518
HOA
0%
$0
Property Management
12%
$854
CapEx
4%
$285
Vacancy
3%
$213
Maintenance
4%
$285
Other
11%
$783