This property looks like a bad Mid-Term investment with a projected -23.93% first-year return on $332k initial cash invested.
-23.93%
Cash On Cash
1.45%
Cap Rate
0.22
DSCR
$6,282
Rent
-$6,615
Cashflow
Cash Flow
$6,282 income − $12,897 expenses = $6,615 out of pocket
Investment Breakdown
|
Purchase Price
$1494k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,940
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,282
Total Expenses
$12,897
Mortgage P&I
130%
$8,172
Property Taxes
23%
$1,440
Home Insurance
9%
$555
HOA
9%
$595
Property Management
12%
$754
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$691