This property looks like a bad Mid-Term investment with a projected -18.79% first-year return on $333k initial cash invested.
-18.79%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$6,747
Rent
-$5,214
Cashflow
Cash Flow
$6,747 income − $11,961 expenses = $5,214 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$15,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,747
Total Expenses
$11,961
Mortgage P&I
122%
$8,202
Property Taxes
14%
$940
Home Insurance
8%
$525
HOA
0%
$0
Property Management
12%
$810
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742