This property looks like a bad Mid-Term investment with a projected -23.28% first-year return on $365k initial cash invested.
-23.28%
Cash On Cash
1.63%
Cap Rate
0.25
DSCR
$6,418
Rent
-$7,086
Cashflow
Cash Flow
$6,418 income − $13,504 expenses = $7,086 out of pocket
Investment Breakdown
|
Purchase Price
$1654k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$365k
Downpayment
20%
$331k
Closing costs
1%
$16,537
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,418
Total Expenses
$13,504
Mortgage P&I
141%
$9,081
Property Taxes
26%
$1,652
Home Insurance
9%
$588
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$706