This property looks like a bad Mid-Term investment with a projected -21.89% first-year return on $337k initial cash invested.
-21.89%
Cash On Cash
2.2%
Cap Rate
0.32
DSCR
$7,074
Rent
-$6,151
Cashflow
Cash Flow
$7,074 income − $13,225 expenses = $6,151 out of pocket
Investment Breakdown
|
Purchase Price
$1520k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$337k
Downpayment
20%
$304k
Closing costs
1%
$15,203
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,074
Total Expenses
$13,225
Mortgage P&I
122%
$8,660
Property Taxes
18%
$1,268
Home Insurance
8%
$542
HOA
5%
$350
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778