This property looks like a bad Mid-Term investment with a projected -22.51% first-year return on $329k initial cash invested.
-22.51%
Cash On Cash
1.71%
Cap Rate
0.26
DSCR
$4,815
Rent
-$6,164
Cashflow
Cash Flow
$4,815 income − $10,979 expenses = $6,164 out of pocket
Investment Breakdown
|
Purchase Price
$1479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$296k
Closing costs
1%
$14,792
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$10,979
Mortgage P&I
168%
$8,081
Property Taxes
12%
$560
Home Insurance
15%
$700
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530