This property looks like a bad Mid-Term investment with a projected -19.18% first-year return on $327k initial cash invested.
-19.18%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$7,038
Rent
-$5,220
Cashflow
Cash Flow
$7,038 income − $12,258 expenses = $5,220 out of pocket
Investment Breakdown
|
Purchase Price
$1469k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$327k
Downpayment
20%
$294k
Closing costs
1%
$14,692
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,038
Total Expenses
$12,258
Mortgage P&I
112%
$7,866
Property Taxes
19%
$1,321
Home Insurance
7%
$523
HOA
2%
$154
Property Management
12%
$845
CapEx
4%
$282
Vacancy
3%
$211
Maintenance
4%
$282
Other
11%
$774