This property looks like a bad Mid-Term investment with a projected -18.78% first-year return on $339k initial cash invested.
-18.78%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$7,281
Rent
-$5,300
Cashflow
Cash Flow
$7,281 income − $12,581 expenses = $5,300 out of pocket
Investment Breakdown
|
Purchase Price
$1527k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$339k
Downpayment
20%
$305k
Closing costs
1%
$15,268
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,281
Total Expenses
$12,581
Mortgage P&I
115%
$8,367
Property Taxes
12%
$874
Home Insurance
8%
$559
HOA
4%
$306
Property Management
12%
$874
CapEx
4%
$291
Vacancy
3%
$218
Maintenance
4%
$291
Other
11%
$801