This property looks like a bad Mid-Term investment with a projected -20.06% first-year return on $333k initial cash invested.
-20.06%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$5,818
Rent
-$5,568
Cashflow
Cash Flow
$5,818 income − $11,386 expenses = $5,568 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,818
Total Expenses
$11,386
Mortgage P&I
145%
$8,437
Property Taxes
8%
$445
Home Insurance
9%
$525
HOA
0%
$0
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$640