This property looks like a bad Mid-Term investment with a projected -24.16% first-year return on $333k initial cash invested.
-24.16%
Cash On Cash
0.81%
Cap Rate
0.13
DSCR
$2,673
Rent
-$6,705
Cashflow
Cash Flow
$2,673 income − $9,378 expenses = $6,705 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$15,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,673
Total Expenses
$9,378
Mortgage P&I
285%
$7,616
Property Taxes
12%
$328
Home Insurance
20%
$525
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294