This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $322k initial cash invested.
-16.45%
Cash On Cash
2.72%
Cap Rate
0.44
DSCR
$7,362
Rent
-$4,416
Cashflow
Cash Flow
$7,362 income − $11,778 expenses = $4,416 out of pocket
Investment Breakdown
|
Purchase Price
$1448k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$290k
Closing costs
1%
$14,479
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,362
Total Expenses
$11,778
Mortgage P&I
101%
$7,408
Property Taxes
18%
$1,352
Home Insurance
7%
$516
HOA
0%
$0
Property Management
12%
$883
CapEx
4%
$294
Vacancy
3%
$221
Maintenance
4%
$294
Other
11%
$810