This property looks like a bad Mid-Term investment with a projected -14.6% first-year return on $367k initial cash invested.
-14.6%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$11,427
Rent
-$4,460
Cashflow
Cash Flow
$11,427 income − $15,887 expenses = $4,460 out of pocket
Investment Breakdown
|
Purchase Price
$1660k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$367k
Downpayment
20%
$332k
Closing costs
1%
$16,598
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,427
Total Expenses
$15,887
Mortgage P&I
77%
$8,791
Property Taxes
19%
$2,179
Home Insurance
7%
$782
HOA
2%
$250
Property Management
12%
$1,371
CapEx
4%
$457
Vacancy
3%
$343
Maintenance
4%
$457
Other
11%
$1,257