This property looks like a bad Mid-Term investment with a projected -21.94% first-year return on $306k initial cash invested.
-21.94%
Cash On Cash
1.57%
Cap Rate
0.25
DSCR
$5,814
Rent
-$5,591
Cashflow
Cash Flow
$5,814 income − $11,405 expenses = $5,591 out of pocket
Investment Breakdown
|
Purchase Price
$1370k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$274k
Closing costs
1%
$13,702
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,814
Total Expenses
$11,405
Mortgage P&I
123%
$7,155
Property Taxes
23%
$1,332
Home Insurance
13%
$752
HOA
3%
$188
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$174
Maintenance
4%
$233
Other
11%
$640