This property looks like a bad Mid-Term investment with a projected -18.05% first-year return on $322k initial cash invested.
-18.05%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$7,458
Rent
-$4,848
Cashflow
Cash Flow
$7,458 income − $12,306 expenses = $4,848 out of pocket
Investment Breakdown
|
Purchase Price
$1449k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$290k
Closing costs
1%
$14,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,458
Total Expenses
$12,306
Mortgage P&I
105%
$7,827
Property Taxes
19%
$1,437
Home Insurance
7%
$507
HOA
0%
$0
Property Management
12%
$895
CapEx
4%
$298
Vacancy
3%
$224
Maintenance
4%
$298
Other
11%
$820