This property looks like a bad Mid-Term investment with a projected -16.19% first-year return on $344k initial cash invested.
-16.19%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$7,862
Rent
-$4,635
Cashflow
Cash Flow
$7,862 income − $12,497 expenses = $4,635 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$310k
Closing costs
1%
$15,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,862
Total Expenses
$12,497
Mortgage P&I
109%
$8,595
Property Taxes
5%
$388
Home Insurance
7%
$542
HOA
4%
$300
Property Management
12%
$943
CapEx
4%
$314
Vacancy
3%
$236
Maintenance
4%
$314
Other
11%
$865