This property looks like a bad Mid-Term investment with a projected -14.75% first-year return on $292k initial cash invested.
-14.75%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$6,606
Rent
-$3,585
Cashflow
Cash Flow
$6,606 income − $10,191 expenses = $3,585 out of pocket
Investment Breakdown
|
Purchase Price
$1303k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,030
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,606
Total Expenses
$10,191
Mortgage P&I
102%
$6,746
Property Taxes
11%
$709
Home Insurance
7%
$490
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727