This property looks like a bad Mid-Term investment with a projected -25.9% first-year return on $333k initial cash invested.
-25.9%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$2,508
Rent
-$7,199
Cashflow
Cash Flow
$2,508 income − $9,707 expenses = $7,199 out of pocket
Investment Breakdown
|
Purchase Price
$1502k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$15,023
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,508
Total Expenses
$9,707
Mortgage P&I
311%
$7,808
Property Taxes
16%
$406
Home Insurance
22%
$558
HOA
3%
$83
Property Management
12%
$301
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$276