This property looks like a bad Mid-Term investment with a projected -20.75% first-year return on $328k initial cash invested.
-20.75%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$6,684
Rent
-$5,672
Cashflow
Cash Flow
$6,684 income − $12,356 expenses = $5,672 out of pocket
Investment Breakdown
|
Purchase Price
$1476k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,762
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,684
Total Expenses
$12,356
Mortgage P&I
120%
$8,050
Property Taxes
23%
$1,513
Home Insurance
8%
$521
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$201
Maintenance
4%
$267
Other
11%
$735