This property looks like a bad Mid-Term investment with a projected -22.74% first-year return on $355k initial cash invested.
-22.74%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$4,768
Rent
-$6,729
Cashflow
Cash Flow
$4,768 income − $11,497 expenses = $6,729 out of pocket
Investment Breakdown
|
Purchase Price
$1605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$355k
Downpayment
20%
$321k
Closing costs
1%
$16,050
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,768
Total Expenses
$11,497
Mortgage P&I
183%
$8,732
Property Taxes
11%
$532
Home Insurance
13%
$612
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524