This property looks like a bad Mid-Term investment with a projected -18.09% first-year return on $325k initial cash invested.
-18.09%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$7,542
Rent
-$4,902
Cashflow
Cash Flow
$7,542 income − $12,444 expenses = $4,902 out of pocket
Investment Breakdown
|
Purchase Price
$1463k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$325k
Downpayment
20%
$293k
Closing costs
1%
$14,628
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,542
Total Expenses
$12,444
Mortgage P&I
106%
$7,983
Property Taxes
18%
$1,389
Home Insurance
7%
$507
HOA
0%
$0
Property Management
12%
$905
CapEx
4%
$302
Vacancy
3%
$226
Maintenance
4%
$302
Other
11%
$830