This property looks like a bad Mid-Term investment with a projected -20.42% first-year return on $329k initial cash invested.
-20.42%
Cash On Cash
2.51%
Cap Rate
0.37
DSCR
$6,736
Rent
-$5,590
Cashflow
Cash Flow
$6,736 income − $12,326 expenses = $5,590 out of pocket
Investment Breakdown
|
Purchase Price
$1479k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$296k
Closing costs
1%
$14,788
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,736
Total Expenses
$12,326
Mortgage P&I
125%
$8,413
Property Taxes
16%
$1,099
Home Insurance
8%
$525
HOA
0%
$0
Property Management
12%
$808
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$741