This property looks like a bad Mid-Term investment with a projected -21.11% first-year return on $322k initial cash invested.
-21.11%
Cash On Cash
2.24%
Cap Rate
0.33
DSCR
$5,460
Rent
-$5,658
Cashflow
Cash Flow
$5,460 income − $11,118 expenses = $5,658 out of pocket
Investment Breakdown
|
Purchase Price
$1446k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$289k
Closing costs
1%
$14,455
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,460
Total Expenses
$11,118
Mortgage P&I
149%
$8,139
Property Taxes
11%
$598
Home Insurance
10%
$525
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$601