This property looks like a bad Mid-Term investment with a projected -14.21% first-year return on $357k initial cash invested.
-14.21%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$10,708
Rent
-$4,230
Cashflow
Cash Flow
$10,708 income − $14,938 expenses = $4,230 out of pocket
Investment Breakdown
|
Purchase Price
$1615k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$357k
Downpayment
20%
$323k
Closing costs
1%
$16,149
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,708
Total Expenses
$14,938
Mortgage P&I
82%
$8,823
Property Taxes
15%
$1,637
Home Insurance
5%
$588
HOA
2%
$250
Property Management
12%
$1,285
CapEx
4%
$428
Vacancy
3%
$321
Maintenance
4%
$428
Other
11%
$1,178