This property looks like a bad Mid-Term investment with a projected -25% first-year return on $359k initial cash invested.
-25%
Cash On Cash
1.16%
Cap Rate
0.18
DSCR
$4,648
Rent
-$7,482
Cashflow
Cash Flow
$4,648 income − $12,130 expenses = $7,482 out of pocket
Investment Breakdown
|
Purchase Price
$1624k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,242
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,648
Total Expenses
$12,130
Mortgage P&I
191%
$8,864
Property Taxes
22%
$1,038
Home Insurance
14%
$648
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511