This property looks like a bad Mid-Term investment with a projected -23.82% first-year return on $328k initial cash invested.
-23.82%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$3,356
Rent
-$6,506
Cashflow
Cash Flow
$3,356 income − $9,862 expenses = $6,506 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,356
Total Expenses
$9,862
Mortgage P&I
239%
$8,025
Property Taxes
5%
$180
Home Insurance
15%
$516
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369