This property looks like a bad Mid-Term investment with a projected -17.76% first-year return on $297k initial cash invested.
-17.76%
Cash On Cash
2.98%
Cap Rate
0.44
DSCR
$6,502
Rent
-$4,389
Cashflow
Cash Flow
$6,502 income − $10,891 expenses = $4,389 out of pocket
Investment Breakdown
|
Purchase Price
$1326k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$265k
Closing costs
1%
$13,264
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,502
Total Expenses
$10,891
Mortgage P&I
114%
$7,422
Property Taxes
4%
$264
Home Insurance
8%
$490
HOA
8%
$505
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715