This property looks like a bad Mid-Term investment with a projected -19.22% first-year return on $333k initial cash invested.
-19.22%
Cash On Cash
2.48%
Cap Rate
0.38
DSCR
$7,131
Rent
-$5,331
Cashflow
Cash Flow
$7,131 income − $12,462 expenses = $5,331 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,131
Total Expenses
$12,462
Mortgage P&I
114%
$8,139
Property Taxes
19%
$1,374
Home Insurance
7%
$525
HOA
0%
$0
Property Management
12%
$856
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$784