This property looks like a bad Mid-Term investment with a projected -17.33% first-year return on $325k initial cash invested.
-17.33%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$7,880
Rent
-$4,689
Cashflow
Cash Flow
$7,880 income − $12,569 expenses = $4,689 out of pocket
Investment Breakdown
|
Purchase Price
$1460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$325k
Downpayment
20%
$292k
Closing costs
1%
$14,601
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,880
Total Expenses
$12,569
Mortgage P&I
100%
$7,897
Property Taxes
19%
$1,470
Home Insurance
7%
$523
HOA
0%
$0
Property Management
12%
$946
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$867