This property looks like a bad Mid-Term investment with a projected -20.66% first-year return on $331k initial cash invested.
-20.66%
Cash On Cash
1.67%
Cap Rate
0.27
DSCR
$4,443
Rent
-$5,696
Cashflow
Cash Flow
$4,443 income − $10,139 expenses = $5,696 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,443
Total Expenses
$10,139
Mortgage P&I
171%
$7,586
Property Taxes
12%
$512
Home Insurance
12%
$522
HOA
0%
$8
Property Management
12%
$533
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489