This property looks like a bad Mid-Term investment with a projected -23.45% first-year return on $320k initial cash invested.
-23.45%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$4,870
Rent
-$6,252
Cashflow
Cash Flow
$4,870 income − $11,122 expenses = $6,252 out of pocket
Investment Breakdown
|
Purchase Price
$1524k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$305k
Closing costs
1%
$15,236
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,870
Total Expenses
$11,122
Mortgage P&I
171%
$8,324
Property Taxes
13%
$609
Home Insurance
11%
$533
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536