This property looks like a bad Mid-Term investment with a projected -24.31% first-year return on $323k initial cash invested.
-24.31%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$3,936
Rent
-$6,532
Cashflow
Cash Flow
$3,936 income − $10,468 expenses = $6,532 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$10,468
Mortgage P&I
198%
$7,786
Property Taxes
21%
$837
Home Insurance
13%
$508
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433