This property looks like a bad Mid-Term investment with a projected -25.56% first-year return on $323k initial cash invested.
-25.56%
Cash On Cash
0.8%
Cap Rate
0.13
DSCR
$3,603
Rent
-$6,868
Cashflow
Cash Flow
$3,603 income − $10,471 expenses = $6,868 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,603
Total Expenses
$10,471
Mortgage P&I
213%
$7,688
Property Taxes
29%
$1,051
Home Insurance
14%
$508
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396