This property looks like a bad Mid-Term investment with a projected -23.01% first-year return on $343k initial cash invested.
-23.01%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$4,146
Rent
-$6,585
Cashflow
Cash Flow
$4,146 income − $10,731 expenses = $6,585 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$343k
Downpayment
20%
$310k
Closing costs
1%
$15,499
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,146
Total Expenses
$10,731
Mortgage P&I
205%
$8,488
Property Taxes
7%
$291
Home Insurance
13%
$542
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456