This property looks like a bad Mid-Term investment with a projected -23.68% first-year return on $323k initial cash invested.
-23.68%
Cash On Cash
1.27%
Cap Rate
0.2
DSCR
$3,060
Rent
-$6,364
Cashflow
Cash Flow
$3,060 income − $9,424 expenses = $6,364 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$9,424
Mortgage P&I
254%
$7,776
Property Taxes
3%
$100
Home Insurance
17%
$508
HOA
0%
$0
Property Management
12%
$367
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$337