This property looks like a bad Mid-Term investment with a projected -25.32% first-year return on $322k initial cash invested.
-25.32%
Cash On Cash
0.99%
Cap Rate
0.15
DSCR
$4,203
Rent
-$6,803
Cashflow
Cash Flow
$4,203 income − $11,006 expenses = $6,803 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$290k
Closing costs
1%
$14,497
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$11,006
Mortgage P&I
186%
$7,833
Property Taxes
29%
$1,220
Home Insurance
12%
$525
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462