This property looks like a bad Mid-Term investment with a projected -17.34% first-year return on $357k initial cash invested.
-17.34%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$7,708
Rent
-$5,157
Cashflow
Cash Flow
$7,708 income − $12,865 expenses = $5,157 out of pocket
Investment Breakdown
|
Purchase Price
$1614k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$323k
Closing costs
1%
$16,139
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,708
Total Expenses
$12,865
Mortgage P&I
111%
$8,525
Property Taxes
15%
$1,134
Home Insurance
8%
$586
HOA
0%
$0
Property Management
12%
$925
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$848