This property looks like a bad Mid-Term investment with a projected -24.97% first-year return on $333k initial cash invested.
-24.97%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$3,339
Rent
-$6,925
Cashflow
Cash Flow
$3,339 income − $10,264 expenses = $6,925 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,339
Total Expenses
$10,264
Mortgage P&I
243%
$8,104
Property Taxes
15%
$491
Home Insurance
16%
$525
HOA
0%
$8
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367