This property looks like a bad Mid-Term investment with a projected -21.39% first-year return on $328k initial cash invested.
-21.39%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$6,348
Rent
-$5,839
Cashflow
Cash Flow
$6,348 income − $12,187 expenses = $5,839 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,745
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,348
Total Expenses
$12,187
Mortgage P&I
126%
$8,029
Property Taxes
23%
$1,475
Home Insurance
8%
$525
HOA
0%
$0
Property Management
12%
$762
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698