This property looks like a bad Mid-Term investment with a projected -20.36% first-year return on $359k initial cash invested.
-20.36%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$8,064
Rent
-$6,089
Cashflow
Cash Flow
$8,064 income − $14,153 expenses = $6,089 out of pocket
Investment Breakdown
|
Purchase Price
$1623k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,230
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,064
Total Expenses
$14,153
Mortgage P&I
110%
$8,889
Property Taxes
11%
$923
Home Insurance
16%
$1,258
HOA
4%
$340
Property Management
12%
$968
CapEx
4%
$323
Vacancy
3%
$242
Maintenance
4%
$323
Other
11%
$887