This property looks like a bad Mid-Term investment with a projected -23.18% first-year return on $333k initial cash invested.
-23.18%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$4,383
Rent
-$6,432
Cashflow
Cash Flow
$4,383 income − $10,815 expenses = $6,432 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
$4,383
Total Expenses
$10,815
Mortgage P&I
188%
$8,220
Property Taxes
13%
$581
Home Insurance
12%
$525
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482