This property looks like a bad Mid-Term investment with a projected -17.34% first-year return on $359k initial cash invested.
-17.34%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$9,747
Rent
-$5,185
Cashflow
Cash Flow
$9,747 income − $14,932 expenses = $5,185 out of pocket
Investment Breakdown
|
Purchase Price
$1623k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$325k
Closing costs
1%
$16,228
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,747
Total Expenses
$14,932
Mortgage P&I
91%
$8,874
Property Taxes
16%
$1,538
Home Insurance
6%
$578
HOA
6%
$628
Property Management
12%
$1,170
CapEx
4%
$390
Vacancy
3%
$292
Maintenance
4%
$390
Other
11%
$1,072