This property looks like a bad Mid-Term investment with a projected -24.55% first-year return on $333k initial cash invested.
-24.55%
Cash On Cash
0.93%
Cap Rate
0.15
DSCR
$3,272
Rent
-$6,812
Cashflow
Cash Flow
$3,272 income − $10,084 expenses = $6,812 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$15,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,272
Total Expenses
$10,084
Mortgage P&I
240%
$7,849
Property Taxes
18%
$597
Home Insurance
16%
$525
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360