This property looks like a bad Mid-Term investment with a projected -22.1% first-year return on $360k initial cash invested.
-22.1%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$4,281
Rent
-$6,633
Cashflow
Cash Flow
$4,281 income − $10,914 expenses = $6,633 out of pocket
Investment Breakdown
|
Purchase Price
$1629k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$360k
Downpayment
20%
$326k
Closing costs
1%
$16,292
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,281
Total Expenses
$10,914
Mortgage P&I
192%
$8,228
Property Taxes
15%
$636
Home Insurance
14%
$595
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471