This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $317k initial cash invested.
-15.75%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$6,075
Rent
-$4,164
Cashflow
Cash Flow
$6,075 income − $10,239 expenses = $4,164 out of pocket
Investment Breakdown
|
Purchase Price
$1425k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$285k
Closing costs
1%
$14,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,075
Total Expenses
$10,239
Mortgage P&I
124%
$7,537
Property Taxes
2%
$138
Home Insurance
8%
$499
HOA
0%
$0
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668