This property looks like a bad Mid-Term investment with a projected -15.6% first-year return on $331k initial cash invested.
-15.6%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$8,018
Rent
-$4,297
Cashflow
Cash Flow
$8,018 income − $12,315 expenses = $4,297 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,886
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,018
Total Expenses
$12,315
Mortgage P&I
102%
$8,153
Property Taxes
11%
$877
Home Insurance
7%
$558
HOA
0%
$0
Property Management
12%
$962
CapEx
4%
$321
Vacancy
3%
$241
Maintenance
4%
$321
Other
11%
$882