This property looks like a bad Mid-Term investment with a projected -22.55% first-year return on $323k initial cash invested.
-22.55%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$4,980
Rent
-$6,060
Cashflow
Cash Flow
$4,980 income − $11,040 expenses = $6,060 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,980
Total Expenses
$11,040
Mortgage P&I
162%
$8,089
Property Taxes
15%
$750
Home Insurance
10%
$508
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548