This property looks like a bad Mid-Term investment with a projected -14.46% first-year return on $363k initial cash invested.
-14.46%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$10,396
Rent
-$4,370
Cashflow
Cash Flow
$10,396 income − $14,766 expenses = $4,370 out of pocket
Investment Breakdown
|
Purchase Price
$1641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$363k
Downpayment
20%
$328k
Closing costs
1%
$16,413
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,396
Total Expenses
$14,766
Mortgage P&I
86%
$8,927
Property Taxes
16%
$1,655
Home Insurance
6%
$648
HOA
0%
$0
Property Management
12%
$1,248
CapEx
4%
$416
Vacancy
3%
$312
Maintenance
4%
$416
Other
11%
$1,144