This property looks like a bad Mid-Term investment with a projected -16.2% first-year return on $329k initial cash invested.
-16.2%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$8,544
Rent
-$4,444
Cashflow
Cash Flow
$8,544 income − $12,988 expenses = $4,444 out of pocket
Investment Breakdown
|
Purchase Price
$1482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$296k
Closing costs
1%
$14,820
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,544
Total Expenses
$12,988
Mortgage P&I
94%
$8,069
Property Taxes
17%
$1,475
Home Insurance
6%
$525
HOA
0%
$14
Property Management
12%
$1,025
CapEx
4%
$342
Vacancy
3%
$256
Maintenance
4%
$342
Other
11%
$940