This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $332k initial cash invested.
-16.44%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$6,598
Rent
-$4,547
Cashflow
Cash Flow
$6,598 income − $11,145 expenses = $4,547 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,598
Total Expenses
$11,145
Mortgage P&I
121%
$8,010
Property Taxes
6%
$368
Home Insurance
8%
$523
HOA
0%
$0
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726