This property looks like a bad Mid-Term investment with a projected -18.43% first-year return on $341k initial cash invested.
-18.43%
Cash On Cash
2.73%
Cap Rate
0.42
DSCR
$7,998
Rent
-$5,234
Cashflow
Cash Flow
$7,998 income − $13,232 expenses = $5,234 out of pocket
Investment Breakdown
|
Purchase Price
$1537k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$307k
Closing costs
1%
$15,371
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,998
Total Expenses
$13,232
Mortgage P&I
105%
$8,408
Property Taxes
19%
$1,511
Home Insurance
7%
$593
HOA
0%
$0
Property Management
12%
$960
CapEx
4%
$320
Vacancy
3%
$240
Maintenance
4%
$320
Other
11%
$880