This property looks like a bad Mid-Term investment with a projected -18.02% first-year return on $333k initial cash invested.
-18.02%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$7,593
Rent
-$4,999
Cashflow
Cash Flow
$7,593 income − $12,592 expenses = $4,999 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$14,999
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,593
Total Expenses
$12,592
Mortgage P&I
105%
$7,998
Property Taxes
20%
$1,487
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$911
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$835