This property looks like a bad Mid-Term investment with a projected -14.64% first-year return on $331k initial cash invested.
-14.64%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$7,744
Rent
-$4,038
Cashflow
Cash Flow
$7,744 income − $11,782 expenses = $4,038 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,744
Total Expenses
$11,782
Mortgage P&I
101%
$7,803
Property Taxes
11%
$824
Home Insurance
7%
$522
HOA
0%
$0
Property Management
12%
$929
CapEx
4%
$310
Vacancy
3%
$232
Maintenance
4%
$310
Other
11%
$852