This property looks like a bad Mid-Term investment with a projected -21.83% first-year return on $321k initial cash invested.
-21.83%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$4,750
Rent
-$5,838
Cashflow
Cash Flow
$4,750 income − $10,588 expenses = $5,838 out of pocket
Investment Breakdown
|
Purchase Price
$1442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$321k
Downpayment
20%
$288k
Closing costs
1%
$14,423
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,750
Total Expenses
$10,588
Mortgage P&I
167%
$7,953
Property Taxes
10%
$498
Home Insurance
11%
$523
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522