This property looks like a bad Mid-Term investment with a projected -25.47% first-year return on $323k initial cash invested.
-25.47%
Cash On Cash
1.16%
Cap Rate
0.17
DSCR
$4,605
Rent
-$6,845
Cashflow
Cash Flow
$4,605 income − $11,450 expenses = $6,845 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,605
Total Expenses
$11,450
Mortgage P&I
175%
$8,059
Property Taxes
29%
$1,317
Home Insurance
11%
$508
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507