This property looks like a bad Mid-Term investment with a projected -19.7% first-year return on $311k initial cash invested.
-19.7%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$5,340
Rent
-$5,105
Cashflow
Cash Flow
$5,340 income − $10,445 expenses = $5,105 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,340
Total Expenses
$10,445
Mortgage P&I
143%
$7,628
Property Taxes
10%
$513
Home Insurance
9%
$488
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$587