This property looks like a bad Mid-Term investment with a projected -22.45% first-year return on $300k initial cash invested.
-22.45%
Cash On Cash
1.73%
Cap Rate
0.26
DSCR
$5,217
Rent
-$5,615
Cashflow
Cash Flow
$5,217 income − $10,832 expenses = $5,615 out of pocket
Investment Breakdown
|
Purchase Price
$1343k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$269k
Closing costs
1%
$13,434
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,217
Total Expenses
$10,832
Mortgage P&I
141%
$7,348
Property Taxes
23%
$1,221
Home Insurance
9%
$488
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574