This property looks like a bad Mid-Term investment with a projected -20.09% first-year return on $331k initial cash invested.
-20.09%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$4,312
Rent
-$5,540
Cashflow
Cash Flow
$4,312 income − $9,852 expenses = $5,540 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,312
Total Expenses
$9,852
Mortgage P&I
182%
$7,828
Property Taxes
1%
$38
Home Insurance
12%
$522
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474