This property looks like a bad Mid-Term investment with a projected -18.92% first-year return on $330k initial cash invested.
-18.92%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$7,216
Rent
-$5,202
Cashflow
Cash Flow
$7,216 income − $12,418 expenses = $5,202 out of pocket
Investment Breakdown
|
Purchase Price
$1485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$330k
Downpayment
20%
$297k
Closing costs
1%
$14,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,216
Total Expenses
$12,418
Mortgage P&I
111%
$8,021
Property Taxes
20%
$1,423
Home Insurance
7%
$520
HOA
0%
$0
Property Management
12%
$866
CapEx
4%
$289
Vacancy
3%
$216
Maintenance
4%
$289
Other
11%
$794