This property looks like a bad Mid-Term investment with a projected -18.24% first-year return on $329k initial cash invested.
-18.24%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$7,526
Rent
-$5,004
Cashflow
Cash Flow
$7,526 income − $12,530 expenses = $5,004 out of pocket
Investment Breakdown
|
Purchase Price
$1482k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$329k
Downpayment
20%
$296k
Closing costs
1%
$14,820
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,526
Total Expenses
$12,530
Mortgage P&I
108%
$8,094
Property Taxes
18%
$1,358
Home Insurance
7%
$519
HOA
0%
$0
Property Management
12%
$903
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$828