This property looks like a bad Mid-Term investment with a projected -11.4% first-year return on $333k initial cash invested.
-11.4%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$11,674
Rent
-$3,162
Cashflow
Cash Flow
$11,674 income − $14,836 expenses = $3,162 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,674
Total Expenses
$14,836
Mortgage P&I
69%
$8,031
Property Taxes
20%
$2,311
Home Insurance
5%
$525
HOA
0%
$0
Property Management
12%
$1,401
CapEx
4%
$467
Vacancy
3%
$350
Maintenance
4%
$467
Other
11%
$1,284