This property looks like a bad Mid-Term investment with a projected -19.62% first-year return on $323k initial cash invested.
-19.62%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$6,591
Rent
-$5,272
Cashflow
Cash Flow
$6,591 income − $11,863 expenses = $5,272 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,591
Total Expenses
$11,863
Mortgage P&I
119%
$7,832
Property Taxes
19%
$1,281
Home Insurance
8%
$508
HOA
0%
$0
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725