This property looks like a bad Mid-Term investment with a projected -24.99% first-year return on $323k initial cash invested.
-24.99%
Cash On Cash
0.78%
Cap Rate
0.13
DSCR
$3,494
Rent
-$6,717
Cashflow
Cash Flow
$3,494 income − $10,211 expenses = $6,717 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,494
Total Expenses
$10,211
Mortgage P&I
215%
$7,524
Property Taxes
28%
$991
Home Insurance
15%
$508
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384