This property looks like a bad Mid-Term investment with a projected -30.54% first-year return on $332k initial cash invested.
-30.54%
Cash On Cash
-0.1%
Cap Rate
-0.01
DSCR
$2,265
Rent
-$8,447
Cashflow
Cash Flow
$2,265 income − $10,712 expenses = $8,447 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,265
Total Expenses
$10,712
Mortgage P&I
364%
$8,234
Property Taxes
52%
$1,184
Home Insurance
23%
$523
HOA
0%
$0
Property Management
12%
$272
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$249