This property looks like a bad Mid-Term investment with a projected -20.33% first-year return on $322k initial cash invested.
-20.33%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$5,862
Rent
-$5,456
Cashflow
Cash Flow
$5,862 income − $11,318 expenses = $5,456 out of pocket
Investment Breakdown
|
Purchase Price
$1448k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$290k
Closing costs
1%
$14,482
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,862
Total Expenses
$11,318
Mortgage P&I
136%
$7,973
Property Taxes
14%
$829
Home Insurance
9%
$524
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$645