This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $302k initial cash invested.
-17.04%
Cash On Cash
2.45%
Cap Rate
0.41
DSCR
$5,754
Rent
-$4,284
Cashflow
Cash Flow
$5,754 income − $10,038 expenses = $4,284 out of pocket
Investment Breakdown
|
Purchase Price
$1351k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$270k
Closing costs
1%
$13,509
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,754
Total Expenses
$10,038
Mortgage P&I
118%
$6,815
Property Taxes
14%
$778
Home Insurance
9%
$489
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633