This property looks like a bad Mid-Term investment with a projected -22.83% first-year return on $324k initial cash invested.
-22.83%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$4,716
Rent
-$6,160
Cashflow
Cash Flow
$4,716 income − $10,876 expenses = $6,160 out of pocket
Investment Breakdown
|
Purchase Price
$1456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$324k
Downpayment
20%
$291k
Closing costs
1%
$14,564
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,716
Total Expenses
$10,876
Mortgage P&I
170%
$8,019
Property Taxes
15%
$728
Home Insurance
11%
$525
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519