This property looks like a bad Mid-Term investment with a projected -30.25% first-year return on $326k initial cash invested.
-30.25%
Cash On Cash
0.27%
Cap Rate
0.04
DSCR
$2,625
Rent
-$8,212
Cashflow
Cash Flow
$2,625 income − $10,837 expenses = $8,212 out of pocket
Investment Breakdown
|
Purchase Price
$1466k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$326k
Downpayment
20%
$293k
Closing costs
1%
$14,658
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,625
Total Expenses
$10,837
Mortgage P&I
322%
$8,441
Property Taxes
35%
$908
Home Insurance
23%
$595
HOA
0%
$0
Property Management
12%
$315
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$289