This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $332k initial cash invested.
-14.76%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$8,342
Rent
-$4,083
Cashflow
Cash Flow
$8,342 income − $12,425 expenses = $4,083 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,342
Total Expenses
$12,425
Mortgage P&I
96%
$7,994
Property Taxes
13%
$1,071
Home Insurance
6%
$523
HOA
0%
$0
Property Management
12%
$1,001
CapEx
4%
$334
Vacancy
3%
$250
Maintenance
4%
$334
Other
11%
$918