This property looks like a bad Mid-Term investment with a projected -23.58% first-year return on $333k initial cash invested.
-23.58%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$6,294
Rent
-$6,540
Cashflow
Cash Flow
$6,294 income − $12,834 expenses = $6,540 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$14,991
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,294
Total Expenses
$12,834
Mortgage P&I
131%
$8,232
Property Taxes
27%
$1,726
Home Insurance
11%
$665
HOA
1%
$71
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692