This property looks like a bad Mid-Term investment with a projected -19.8% first-year return on $363k initial cash invested.
-19.8%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$6,465
Rent
-$5,995
Cashflow
Cash Flow
$6,465 income − $12,460 expenses = $5,995 out of pocket
Investment Breakdown
|
Purchase Price
$1645k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$363k
Downpayment
20%
$329k
Closing costs
1%
$16,448
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,465
Total Expenses
$12,460
Mortgage P&I
134%
$8,669
Property Taxes
15%
$998
Home Insurance
9%
$594
HOA
0%
$0
Property Management
12%
$776
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$711