This property looks like a bad Mid-Term investment with a projected -25.82% first-year return on $333k initial cash invested.
-25.82%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$4,068
Rent
-$7,166
Cashflow
Cash Flow
$4,068 income − $11,234 expenses = $7,166 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,068
Total Expenses
$11,234
Mortgage P&I
197%
$8,026
Property Taxes
32%
$1,300
Home Insurance
13%
$525
HOA
0%
$0
Property Management
12%
$488
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$447