This property looks like a bad Mid-Term investment with a projected -24% first-year return on $321k initial cash invested.
-24%
Cash On Cash
1.45%
Cap Rate
0.22
DSCR
$3,426
Rent
-$6,412
Cashflow
Cash Flow
$3,426 income − $9,838 expenses = $6,412 out of pocket
Investment Breakdown
|
Purchase Price
$1441k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$321k
Downpayment
20%
$288k
Closing costs
1%
$14,409
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,426
Total Expenses
$9,838
Mortgage P&I
234%
$8,021
Property Taxes
4%
$148
Home Insurance
15%
$504
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377