This property looks like a bad Mid-Term investment with a projected -22.88% first-year return on $333k initial cash invested.
-22.88%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$3,186
Rent
-$6,345
Cashflow
Cash Flow
$3,186 income − $9,531 expenses = $6,345 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,186
Total Expenses
$9,531
Mortgage P&I
246%
$7,843
Property Taxes
3%
$81
Home Insurance
16%
$525
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350