This property looks like a bad Mid-Term investment with a projected -19.3% first-year return on $337k initial cash invested.
-19.3%
Cash On Cash
1.9%
Cap Rate
0.32
DSCR
$5,402
Rent
-$5,424
Cashflow
Cash Flow
$5,402 income − $10,826 expenses = $5,424 out of pocket
Investment Breakdown
|
Purchase Price
$1520k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$337k
Downpayment
20%
$304k
Closing costs
1%
$15,198
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,402
Total Expenses
$10,826
Mortgage P&I
141%
$7,610
Property Taxes
15%
$824
Home Insurance
10%
$556
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594