This property looks like a bad Mid-Term investment with a projected -20.35% first-year return on $334k initial cash invested.
-20.35%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$7,098
Rent
-$5,667
Cashflow
Cash Flow
$7,098 income − $12,765 expenses = $5,667 out of pocket
Investment Breakdown
|
Purchase Price
$1506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$334k
Downpayment
20%
$301k
Closing costs
1%
$15,059
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,098
Total Expenses
$12,765
Mortgage P&I
117%
$8,273
Property Taxes
19%
$1,347
Home Insurance
8%
$534
HOA
3%
$197
Property Management
12%
$852
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$781