This property looks like a bad Mid-Term investment with a projected -19.1% first-year return on $321k initial cash invested.
-19.1%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$6,084
Rent
-$5,110
Cashflow
Cash Flow
$6,084 income − $11,194 expenses = $5,110 out of pocket
Investment Breakdown
|
Purchase Price
$1443k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$321k
Downpayment
20%
$289k
Closing costs
1%
$14,430
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,084
Total Expenses
$11,194
Mortgage P&I
132%
$8,050
Property Taxes
9%
$551
Home Insurance
9%
$525
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$183
Maintenance
4%
$243
Other
11%
$669