This property looks like a bad Mid-Term investment with a projected -15.85% first-year return on $311k initial cash invested.
-15.85%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$6,146
Rent
-$4,107
Cashflow
Cash Flow
$6,146 income − $10,253 expenses = $4,107 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.0%
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
$6,146
Total Expenses
$10,253
Mortgage P&I
120%
$7,390
Property Taxes
5%
$285
Home Insurance
8%
$488
HOA
0%
$0
Property Management
12%
$738
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676