This property looks like a bad Mid-Term investment with a projected -18.72% first-year return on $312k initial cash invested.
-18.72%
Cash On Cash
2.89%
Cap Rate
0.43
DSCR
$7,642
Rent
-$4,868
Cashflow
Cash Flow
$7,642 income − $12,510 expenses = $4,868 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,999
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,642
Total Expenses
$12,510
Mortgage P&I
104%
$7,934
Property Taxes
16%
$1,237
Home Insurance
6%
$490
HOA
3%
$250
Property Management
12%
$917
CapEx
4%
$306
Vacancy
3%
$229
Maintenance
4%
$306
Other
11%
$841