This property looks like a bad Mid-Term investment with a projected -17.89% first-year return on $331k initial cash invested.
-17.89%
Cash On Cash
2.63%
Cap Rate
0.41
DSCR
$7,290
Rent
-$4,930
Cashflow
Cash Flow
$7,290 income − $12,220 expenses = $4,930 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,290
Total Expenses
$12,220
Mortgage P&I
108%
$7,904
Property Taxes
18%
$1,315
Home Insurance
7%
$521
HOA
0%
$0
Property Management
12%
$875
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$802