This property looks like a bad Mid-Term investment with a projected -18.31% first-year return on $333k initial cash invested.
-18.31%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$7,568
Rent
-$5,081
Cashflow
Cash Flow
$7,568 income − $12,649 expenses = $5,081 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.3%
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
$7,568
Total Expenses
$12,649
Mortgage P&I
108%
$8,205
Property Taxes
18%
$1,338
Home Insurance
7%
$525
HOA
0%
$8
Property Management
12%
$908
CapEx
4%
$303
Vacancy
3%
$227
Maintenance
4%
$303
Other
11%
$832