This property looks like a bad Mid-Term investment with a projected -23.83% first-year return on $306k initial cash invested.
-23.83%
Cash On Cash
1.38%
Cap Rate
0.21
DSCR
$3,582
Rent
-$6,085
Cashflow
Cash Flow
$3,582 income − $9,667 expenses = $6,085 out of pocket
Investment Breakdown
|
Purchase Price
$1373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$275k
Closing costs
1%
$13,733
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$9,667
Mortgage P&I
210%
$7,526
Property Taxes
8%
$294
Home Insurance
18%
$630
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394