This property looks like a bad Mid-Term investment with a projected -22.47% first-year return on $312k initial cash invested.
-22.47%
Cash On Cash
1.96%
Cap Rate
0.29
DSCR
$5,176
Rent
-$5,842
Cashflow
Cash Flow
$5,176 income − $11,018 expenses = $5,842 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%
$14,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,176
Total Expenses
$11,018
Mortgage P&I
153%
$7,927
Property Taxes
16%
$813
Home Insurance
9%
$490
HOA
1%
$29
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569